Which of the following shows summary of a company's financial position at a specific date?

Balance sheet

It shows companies tangible and intangible asset and liability position on particular date.

Balance sheet

The answer is Balance sheet which is now known as Statement of Financial Position

Profit and Loss (known as statement of comprehensive income) indicates the performance of the entity (operational and otherwise)

It is important to note that Cash Flows do not indicate the liquidity of the entity. It actually indicates the cash generated and spend on operational, investment and financing activity during the period.

C) Balance Sheet

C

Option C) Balance Sheet is the right answer