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Which of the following financial statements provides information about the financial position of a company at a specific date?
  • a)
    Balance Sheet
  • b)
    Income Statement
  • c)
    Cash Flow Statement
  • d)
    Statement of Retained Earnings
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Which of the following financial statements provides information about...
The balance sheet, also known as the position statement, provides information about the assets, liabilities, and capital of a company at a specific date. It shows how the money is employed in the business and how the money has been made available to the business.
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Which of the following financial statements provides information about the financial position of a company at a specific date?a)Balance Sheetb)Income Statementc)Cash Flow Statementd)Statement of Retained EarningsCorrect answer is option 'A'. Can you explain this answer?
Question Description
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