Which of the following is the correct date format for the financial statement heading?
A)Balance sheet for the year ended June 30,2017
B)Income statement at December 31,2017
C)Balance sheet at December 31,2017
D)Statement of retained earnings at December 31,2017

Question

Quizplus · Accepted Answer

The correct date format for financial statement headings is to use the end date of the period being reported. So, "Balance sheet at December 31, 2017" is the correct option. Option A should be "Balance sheet as at June 30, 2017," and option B should be "Income statement for the year ended December 31, 2017." Option D is correct, but not for this question, as it pertains to the date format specifically.

Which of the Following Is the Correct Date Format for the Financial