The time frame associated with a balance sheet is:

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A)point in time in the past. B)a one-year past period of time. C) a single date in the future. D) a function of the information included in it.

Question ajoutée par Vinod Jetley , Assistant General Manager , State Bank of India
Date de publication: 2014/10/26

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par Ibrahim Hussein Mayaleh , Sales & Business Consultant and Trainer , Self-employed

The Balance Sheet refer to a given point in the past

par VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

A. Balance sheet is prepared based on figures available as per previous records.

par Vinod Jetley , Assistant General Manager , State Bank of India

A)point in time in the past.

Does balance sheet shows current period profit & loss ?
Top Answer: yes it is included in the retained earning Voir Plus

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How are the Cash Flow Statement and Balance Sheet related?
Top Answer: a. The ending cash balance on the Balance Sheet is transferred to the current period Cash Flow Statement& ... Voir Plus

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What is the account appear in Balance Sheet and does not appear in Trial Balances ?
Top Answer: closing inventory will not apear Voir Plus

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How are the statements of retained earnings & the balance sheet related?
Top Answer: Retained stage carrying balances within equity balances and profits not required to be liquid funds and a ... Voir Plus

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