Multiple choice

Which of the following financial statements is the most important financial statement of the company that shows its position of assets and liabilities on a particular date?

  1. Balance sheet statement

  2. Profit and loss account statement

  3. Account receivable statement

  4. Cash transaction statement

  5. Callable statement
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A Correct answer
Explanation

This financial statement is the most important financial statement of the company that shows its position of assets and liabilities on a particular date.

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