Published balance sheets in New Zealand are mostly presented in which format?
A) horizontal format
B) parallel format
C) 'T' format
D) vertical format

Question

Quizplus · Accepted Answer

Vertical format is the most commonly used format for presenting balance sheets in New Zealand. It presents the assets, liabilities, and equity in a columnar format, allowing for easy comparison and analysis. In this format, assets are listed on the left side of the balance sheet and liabilities and equity on the right side.

Published Balance Sheets in New Zealand Are Mostly Presented in Which