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What does the Balance Sheet reflect?

 a. Net changes over a period of time

 b. Only annual balances

 c. Net Income over a period of1 month

 d. A specific point in time

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Question added by Michael Lagunday , Accounts Assistant , Invest Group Overseas LLC
Date Posted: 2015/09/03
Ali Wakkaf
by Ali Wakkaf , Accountant , The International Committee of The Red Cross (ICRC Syria)

d. A specific point in time

Asad Ahmed
by Asad Ahmed , Manager Finance & Company Secretary , Connect Communications Pvt. Ltd.

The balance sheet reflect the position of company (Balances of assets, liability or its capital including accumulated profit or loss) at a specific point in time. this is why we use "As at" for the balance sheet

Deleted user
by Deleted user

 d. A specific point in time......................................................................................

RATHEESH CHERUVARI
by RATHEESH CHERUVARI , manager finance and administration , Al Rostamani Group Of Companies

Balance sheet reflects the state of affairs of the Company as on the date of the balance sheet. You need to compare the current balance sheet with that of the previous one to verify the net movements over the period of time (between the previous Balance sheet and the current balance sheet). This movement analysis is denoted as  Fundflow (Cashflow) statement for the period under review.

Ahmed kandil
by Ahmed kandil , Cost Controller , Battour Holding Cpompany

correct answer is D

Thanks 

 

hassan javed
by hassan javed , Accountant , Raaziq group

A balance sheet reflect net changes over a period of time.

qamar c/qani abshir diriye
by qamar c/qani abshir diriye , Human resource management , Somafone

i think the answer is D specific point in  atime

Syed Tehama Ali
by Syed Tehama Ali

The balance sheet presents a company's financial position at the end of a specified date. Some describe the balance sheet as a "snapshot" of the company's financial position at a point (a moment or an instant) in time. For example, the amounts reported on a balance sheet dated December31,2014 reflect that instant when all the transactions through December31 have been recorde .

so I think answer is D.

INNOCENT SIMON AKPAN
by INNOCENT SIMON AKPAN , Store Manager , Ekonef Ventures

The balance sheet reflects the state of affairs of a business at a specific point in time

Badar Khan
by Badar Khan , Accounts cum administrative assistant , Al Qassimia Drivng Training Centre.Sharjah

the correct answer is net changes over a period

Deleted user
by Deleted user

opt.D)A specific point in time..............................

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