GK
MARKETING MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Statement of a firm’s financial position on a particular date including assets, liabilities, and owner’s equity
|
|
Balance Sheet
|
|
|
Budget
|
|
|
Mission Statement
|
|
|
Retail
|
Explanation:
Detailed explanation-1: -Your balance sheet (sometimes called a statement of financial position) provides a snapshot of your practice’s financial status at a particular point in time. This financial statement details your assets, liabilities and equity, as of a particular date.
Detailed explanation-2: -It’s called a balance sheet because both sides of the equation must balance: assets equal liabilities plus stockholders’ equity. The balance sheet displays: The portion of those assets financed with debt (liability) The portion of equity (retained earnings and stock shares)
There is 1 question to complete.