Register now or log in to join your professional community.
1. Statement of financial position
2. Statement of changes in equity
3. Profit and loss account
4. Statement of financial affairs
Option1 is the right answer.
Position Statement is another name of Balance Sheet
STATEMEENT OF FINANCIAL POSITION!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Statement of financial position>>>>>>>>>>>>>>>>>>>>>>>>>>
1. Statement of Financial Position.>
Balance Sheet Shows the Financial Position of An Organization , Business , Association , which Includes Statement of Chang in Equity , Profit & Loss Account and Statement of Financial affairs.So another name of balance sheet is Statement of financial position.
The Correct option is1) Statement of Financial Position.which is the other name of Balance Sheet.
It indeed portraits the financial position of the entity as on specific point of time, but technically in business and statutory terminology, it is referred to as the "Statement of the Financial Affairs". As a matter of fact, the name Balance sheet is rarely used in big corporate houses.
Thanks for the question.
STATEMEENT OF FINANCIAL POSITION
Statement of financial pos.......*********************
Agree with the answers..................
