Question

the balance sheet provides information about financial position of an enterprise :
(a) over a period of time
(b) during a period of time
(c) for a period of time
(d) at a point of time​

Answer 1

Answer:

(d). at a point of time

is correct answer

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Answer 2

Information of financial position by balance sheet:

• The option “D” is correct i.e. at a point of time.

• The balance sheet provides information about the financial position of an enterprise at a point in time.

• The balance sheet recaps a business's possessions, accountability, and shareholders ' equity.  

• A balance sheet is like a photograph; it seizures the financial position of a company at a specific point in time

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