Accountıng I Deneme Sınavı Sorusu #1150027
Which of the following are TRUE about balance sheet?
I. It details the change in owner’s equity over an accounting period.
II. It reports the assets, liabilities, and owner’s equity of the business at a specific date.
III. It shows the change in cash position of the company over an accounting period.
IV. It reports the revenues and expenses and resulting net income or loss.
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I |
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II |
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III, IV |
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IV |
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I, IV |
Yanıt Açıklaması:
Balance sheet reports the assets, liabilities, and owner’s equity of the business at a specific date. II is the only corect choice.
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