BUSINESS ADMINISTRATION
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Balance Sheet
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Income Statement
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Cashflow Statement
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Statement of Changes in Equity
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Detailed explanation-1: -What Is a Balance Sheet? The term balance sheet refers to a financial statement that reports a company’s assets, liabilities, and shareholder equity at a specific point in time.
Detailed explanation-2: -A balance sheet is a financial statement that reports a company’s assets, liabilities and shareholders’ equity. Balance sheets are one of the three main financial statements that are used to evaluate a business – alongside the income statement and the statement of cash flows.
Detailed explanation-3: -A balance sheet provides detailed information about a company’s assets, liabilities and shareholders’ equity. Assets are things that a company owns that have value.
Detailed explanation-4: -A balance sheet consists of three components: assets, liabilities, and shareholders’ equity.