The Statement of Liabilities and Assets is:

  1. Trial Balance
  2. Balance Sheet
  3. Profit & Loss A/c
  4. None of these
Anurag Mishra Professor Asked on 28th November 2015 in Economics.
Add Comment
  • 1 Answer(s)

    Answer: (2) Balance Sheet

    A statement which show the original picture or face of a company, firm or proprietors. In the other word balance sheet presents a company’s financial position at the end of the year or a specified date or time. For example, the amounts reported on a balance sheet dated December 31, 2015.

    Anurag Mishra Professor Answered on 28th November 2015.
    Add Comment
  • Your Answer

    By posting your answer, you agree to the privacy policy and terms of service.