A balance sheet provides a statement of one's financial ____________.
A)position
B)performance
C)goals
D)ratios

Question

A balance sheet provides a statement of one's financial ____________. ​
A)position
B)performance
C)goals
D)ratios

Quizplus · Accepted Answer

A balance sheet provides a statement of one's financial position, including assets, liabilities, and equity. It shows how much a person or company owns (assets) and owes (liabilities), as well as the amount of equity in the assets. It does not provide information on performance, goals, or ratios.

A Balance Sheet Provides a Statement of One's Financial ____________