GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which one of the following depicts the financial position of a bank or business enterprise at a given point of time?
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Model audit
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Balance sheet
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Income statement
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Cash flow statement
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Explanation:
Detailed explanation-1: -A balance sheet explains the financial position of a company at a specific point in time.
Detailed explanation-2: -Retained Earnings Statement: The retained earnings statement is concerned with the financial position of an enterprise at a point in time. This statement reflects the net income and retained earnings of the enterprise at that point in time.
There is 1 question to complete.