Accountancy, asked by jythraliju610, 21 days ago

Balance sheet shows the position of the business on the day of its preparation and not on the future day .Comment True or False.​

Answers

Answered by saihajbir2009
0

Answer:

no te

Explanation:

Answered by sukhwindersheokhand
1

Answer:

A company's balance sheet, also known as a "statement of financial position," reveals the firm's assets, liabilities and owners' equity (net worth). The balance sheet, together with the income statement and cash flow statement, make up the cornerstone of any company's financial statements.

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