Ask Question
1 June, 18:37

The heading at the top of a balance sheet includes the name of the firm the words Balance Sheet and the date of the

financial statement

True

Faise

+3
Answers (2)
  1. 1 June, 22:03
    0
    The correct answer is TRUE.

    Explanation:

    A balance sheet is an annual report to demonstrate the financial situation of a company.

    This report shows debts, goods and services that a company owns and its net capital. Each company has certain types of accounts that will be placed in these categories (Assets, Liabilities or Capital).

    For example, a customer will go in the assets column, since a customer of a company generates income, just as a supplier will go in the liabilities column because the company must pay the supplier to receive something in return.

    This balance must have a heading that has the name of the company, the words "Balance Sheet" and the date of the financial statement.

    Therefore, we can say that the answer is True.
  2. 1 June, 22:18
    0
    The answer to it is true
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The heading at the top of a balance sheet includes the name of the firm the words Balance Sheet and the date of the financial statement ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers