Question

Which of the following is not a feature of Balance Sheet?

Options

• It is statement.

• Reflects profit and loss of an organization.

• It shows Capital Fund of the organization.

• It shows financial position of the organization.

Answer 1

Reflects profit and loss of an organization.

Explanation:

The Balance Sheet does not reflect an organization's profit or loss. Instead, the profit or loss is reflected in the Income and Expenditure Account.