Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 10 - No. 24)
Which financial statement shows a company's assets, liabilities, and equity at a specific point in time?
Income Statement
Statement of Cash Flows
Balance Sheet
Statement of Retained Earnings
Explanation
The balance sheet presents a company's financial position (assets, liabilities, and equity) at a specific point in time.
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