Which of the following is NOT shown in the heading of the balance sheet?
A) The name of the enterprise
B) The title of the report
C) The period covered by the report
D) All of the answers are shown in the heading

Question

Quizplus · Accepted Answer

The heading of the balance sheet typically includes the name of the enterprise, the title of the report (which is "Balance Sheet"), but it shows the specific date the report was prepared, not the period covered. Balance sheets are snapshot reports of a company's financial position at a specific point in time, unlike income statements or cash flow statements, which cover a period.

Which of the Following Is NOT Shown in the Heading