Balance Sheet- indicates financial position of bank at given time

Q.  Which of the following depicts the financial position of a bank or business enterprise at a given point of time?
- Published on 20 Jul 15

a. Balance sheet
b. Cash flow statement
c. Income statement
d. Model audit

ANSWER: Balance sheet
A balance sheet is described as a " snapshot of a company's financial condition "

Post your comment / Share knowledge

Enter the code shown above:
(Note: If you cannot read the numbers in the above image, reload the page to generate a new one.)