Interview Questions And Answers Forum

Ibraheem

Webmaster

From: Capital

Registered: 2012-03-16

Posts: 23,140

Website

Financial Accounting Quiz MCQs Quiz Question.

Accounting Quizzes Financial Accounting Exam MCQs

Question:
A financial statement to show what a business owes and owes at a particular point in time is:

Option A):
A statement of retained earnings.
Option B):
he bank statement for the business.
Option C):
A balance sheet.
Option D):
A cash flow statement.

Correct Answer is Option C):
A balance sheet.