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The main use(s) of a Balance Sheet for a non-trading organisation is/are ______. - Commercial Applications

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Question

The main use(s) of a Balance Sheet for a non-trading organisation is/are ______.

Options

  • Balance Sheet shows the assets owned by a non-trading organisation.

  • It reveals the liabilities of the organisation.

  • It shows the financial position of the organisation.

  • All of these 

MCQ
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Solution

The main use(s) of a Balance Sheet for a non-trading organisation are Balance Sheet shows the assets owned by a non-trading organisation, It reveals the liabilities of the organisation, It shows the financial position of the organisation.

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Chapter 6: Financial Accounting and Reporting - EXERCISES [Page 101]

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Goyal Brothers Prakashan Commercial Applications [English] Class 10 ICSE
Chapter 6 Financial Accounting and Reporting
EXERCISES | Q 13. | Page 101
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