Question : Balance sheet provides information about the financial positions of the enterprise -
Option 1: At a point of Time
Option 2: Over a period of time
Option 3: For a period of time
Option 4: None of the above
Answer (1)
25th Jan, 2024
Correct Answer: At a point of Time
Solution : Balance sheet provides at a point of time information about the financial positions of the enterprise.
Hence the correct answer is option 1.
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