A balance sheet can be presented in a number of ways.Which of these is not one of those ways?
A)As a contingent report
B)As a budgeted report
C)As a consolidated report
D)Including comparative figures

Question

Quizplus · Accepted Answer

A balance sheet can be presented in the form of a budgeted report, a consolidated report, or including comparative figures. However, it cannot be presented as a contingent report, as a balance sheet is a statement of financial position at a specific point in time, and cannot reflect possible future events or contingencies.

A Balance Sheet Can Be Presented in a Number of Ways.Which