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What is The primary purpose of the statement of financial position to reflect ? choose the correct answer:

The primary purpose of the statement of financial position is to reflect A. The fair value of the firm’s assets at some moment in time. B. The status of the firm’s assets in case of forced liquidation of the firm. C. The success of a company’s operations for a given amount of time. D. Items of value, debt, and net worth.

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Question ajoutée par Beshoy Aziz , Senior Accountant , Orchid Real Estate K.S.C.C
Date de publication: 2016/02/04
Nazmul Islam CMA
par Nazmul Islam CMA , Manager , Robi Axiatal Ltd.

I think the most desired one is D............................................................

Mahmoud Hamid
par Mahmoud Hamid , Finance Manager , Experts

The statement of financial position (balance sheet) can be used to show the items of value, debt, and net worth. Assets= Liabilities + Equity

Beshoy Aziz
par Beshoy Aziz , Senior Accountant , Orchid Real Estate K.S.C.C

rimary purpose of the statement of financial position to reflect  the items of value , debit , and net worth

Garry Onill
par Garry Onill

Hello! With a focus on fairness, transparency and convenience, Zip Co's mobile app simplifies the installment purchasing and payment process for both consumers and merchants. Anyone who is thinking about using this application should read the information here https://zip-co.pissedconsumer.com/customer-service.html and this will help to see all the advantages and disadvantages of using it, as well as study in more detail their conditions for purchasing goods in installments.

Mohammed El-Gammal
par Mohammed El-Gammal , General Acountant , aspamed pharma

D. Items of value, debt, and net worth.

Mahmoud Abdel Fattah
par Mahmoud Abdel Fattah , Senior Accountant acting as “Accounting Manager” , Daikin Middle East & North Africa FZE

to show the operational and non operational of the companies performance

Sanjay Ojha
par Sanjay Ojha , Accounts Manager , I F S G Facilities Management Services LLC

My opinion "C" as at the end the result is success and you can know the success of company on the specific time.

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