BUSINESS ADMINISTRATION
FINANCIAL MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
People are the most valuable asset to any company and are therefore posted on the balance sheet
|
|
|
Employees are never on the balance sheet
|
|
|
It is hard to valuate your employees therefore they tend to NOT be on the balance sheet
|
|
|
Employees are not on the balance sheet since they unions do not want them to be
|
Detailed explanation-1: -Valuation balance sheet is a statement prepared by a life insurance company to find out the profit or loss by comparing its life assurance fund with the net liability.
Detailed explanation-2: -Answer and Explanation: The balance sheet records the current balance of asset, liability, and equity accounts at a specific time, which does not represent the data for the entire period. That would reduce the accuracy in assessing the value of equity if the firm raises new equity during the year.
Detailed explanation-3: -A user of financial statements can gain an incorrect view of the financial results or cash flows of a business by only looking at one reporting period. Any one period may vary from the normal operating results of a business, perhaps due to a sudden spike in sales or seasonality effects.
Detailed explanation-4: -The balance sheet is a statement that depicts the financial state of an enterprise. The financial statement is a record that keeps track of all the financial pursuits of the trading enterprise. To present a view of the enterprise’s assets possessed and liabilities owed to its respective users.