Balance Sheet is a record of all of a business’ revenues and costs o

1.	Balance Sheet is a record of all of a business’ revenues and costs over a certain period of time, typically, every quarter or every year.TrueFalsepls explain
Answer» Answer: True Explanation: balance SHEET (also known as statement of financial position or statement of financial condition) is a SUMMARY of the financial balances of an individual or organization, whether it be a sole PROPRIETORSHIP, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit ENTITY. Assets, liabilities and ownership equity are listed as of a specific DATE, such as the end of its financial year. A balance sheet is often described as a "snapshot of a company's financial condition".[1] Of the four basic financial statements, the balance sheet is the only statement which applies to a single point in time of a business' calendar year

Balance Sheet is a record of all of a business’ revenues and costs over a certain period of time, typically, every quarter or every year.TrueFalsepls explain

Answer»

Answer:

True

Explanation:

balance SHEET (also known as statement of financial position or statement of financial condition) is a SUMMARY of the financial balances of an individual or organization, whether it be a sole PROPRIETORSHIP, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit ENTITY. Assets, liabilities and ownership equity are listed as of a specific DATE, such as the end of its financial year. A balance sheet is often described as a "snapshot of a company's financial condition".[1] Of the four basic financial statements, the balance sheet is the only statement which applies to a single point in time of a business' calendar year

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