Which financial statement is dated at the moment in time when the accounting period ends?
A)Balance Sheet
B)Income Statement
C)Statement of Retained Earnings and Income Statement
D)Statement of Cash Flows

Question

Quizplus · Accepted Answer

The Balance Sheet is the financial statement that is dated at the moment in time when the accounting period ends. It provides a snapshot of a company's financial position at a specific point in time, including assets, liabilities, and equity. The Income Statement, Statement of Retained Earnings and Income Statement, and Statement of Cash Flows all report on financial activity during a period of time, rather than at a specific point in time.

Which Financial Statement Is Dated at the Moment in Time