The ________________ shows, at a certain point in time, the impact that all the organization's transactions have had on the company's assets, liabilities, and owner's equity.
A) balance sheet
B) statement of cash flows
C) income statement
D) general ledger

Question

Quizplus · Accepted Answer

The balance sheet is the financial statement that reflects the company's financial position at a specific point in time, showing the impact of transactions on assets, liabilities, and owner's equity.

The ________________ Shows, at a Certain Point in Time, the Impact