Accounting for IGCSE & O level - Final Statements (Section 2 - No. 8)
What is the purpose of the 'Statement of financial position'?
To show a company's financial performance
To list the company's assets, liabilities, and owner's equity at a specific point in time.
To show the flow of cash
To show revenues
คำอธิบาย
The text specifically mentions this as its purpose.