Which one of the following statement does not primarily report changes in amounts or accounts?
A) Statement of Cash Flows
B) Balance sheet
C) Income statement
D) Statement of retained earnings

Question

Quizplus · Accepted Answer

The balance sheet provides a snapshot of a company's financial position at a specific point in time, showing assets, liabilities, and equity, rather than reporting changes in amounts or accounts over a period.

Which One of the Following Statement Does Not Primarily Report