Which of the following statement is considered as the accountant’s snapshot of firm’s accounting value as of a particular date?

Related MCQs

• The ________ does not represent continuing operations in any way, but is simply a snapshot of the total worth of a firm at a given point in time.
• Basically, the funds flow statement is considered a tool for…
• The statement which shows the periodical increase or decrease of funds is called___________ statement.
• Who of the following make a broader use of accounting information?
• If value of opening inventories increases, what happens to the value of gross profit?
• As per Accounting Standard-3, Cash Flow is classified into
• Which of the following is true about financial statements? A) Financial statement gives a summary of accounts. B) Financial statements can be stated as recorded facts.
• Which of the following is the main objective of a financial statement?
• Which of the following is technique of financial statement analysis?
• Which of the following statement is dynamic in nature?