Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 22 - No. 10)
Which financial statement reports a company's assets, liabilities and equity at a specific point in time?
Income Statement
Cash Flow Statement
Statement of Financial Position
Retained Earnings Statement
Explanation
The Statement of Financial Position (also called the Balance Sheet) reports the company's assets, liabilities, and equity at a specific date.
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