Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 14 - No. 4)
Which financial statement shows the assets, liabilities, and owner's equity of a company at a specific point in time?
Income Statement
Statement of Cash Flows
Balance Sheet
Statement of Retained Earnings
Explanation
The balance sheet, or statement of financial position, reflects a company's financial position at a specific moment.
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