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
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.
Question : How are the following items presented in the financial statement of a Non-profit organisation: Subscriptions due at the end?
Question : The variable measured at a particular point of time is ______________.
Question : ____________ shows the financial performance, i.e., the result of business operations during an accounting period and is also known as an Income Statement.
Question : Accounting ratios are an important tool of -
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