mention any four chatristics of balance sheet
# It is regarded as the last step in final accounts creation.
# It is a statement and not an account.
# It consists of transactions recorded under two sides namely, assets and liabilities. ...
# The total of both side should always be equal.
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Answer:
A Position Statement
A Periodical Statement
An Unallocated Cost Statement
A Complementary Statement
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Answer:
(i) A Position statement : (ii) A Periodical statement : (iii) An Unalocated cost statementb: (iv) A Complementary statement : (v) An Interim report :
Explanation:
The characteristics of balance sheet are enumerated : The function of balance sheet are : The balance sheet is not free from snags.
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