Which financial statement provides a snapshot of a company’s financial position at a specific point in time?
Which financial statement provides a snapshot of a company’s financial position at a specific point in time?
کون سا مالی بیان کسی خاص مقام پر کسی کمپنی کی مالی حیثیت کا سنیپ شاٹ فراہم کرتا ہے؟
Explanation
The Balance Sheet shows assets, liabilities, and equity at a specific date.
It reflects the financial position of a company at one point in time, unlike other statements that cover a period.