Question

37. . The form of balance sheet is
(A) Vertical
(B) Horizontal
(C) Horizontal and vertical
(D) Horizontal
(D) Horizontal or vertical​

Answer 1

Answer:

A) vertical

Explanation:

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure.

Answer 2

Explanation:

A balance sheet sammarizes an organization or individual's assets ,equity and labalitties at a specific point in time .Two forms of balance sheet exists .they are the report form and account form .individuals and small business tend to have simple balance sheet

Option A) vertical