Home › CBSE Class 12 (Commerce) › Accountancy › Financial Statements of a Company › Which statement is a snapshot of a business at o…
Which statement is a snapshot of a business at one point in time?
AEquity statement
BCash flow statement
CIncome statement
DBalance sheet
Answer & Solution
Correct answer: D. Balance sheet
A balance sheet captures balances at a single date, while the other statements cover an accounting period.
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