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Which of the following statement shows assets, liabilities and net worth as on a specific date?

Accounting MCQs FPSC Past Papers Pakistan Military Accounts Department (PMAD) Senior Auditor (SA)

Which of the following statement shows assets, liabilities and net worth as on a specific date?

August 29, 2021 Admin No Comments

A: Owner’s Equity Statement
B: Balance Sheet
C: Income Statement
D: Cash Flow Statement
Correct Answer: b
Short Details:
Balanced Sheet is prepared on the end of an accounting period.

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Year: 2019

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