Question

Balance Sheet provides information about the financial position of the enterprise:

• A. At a particular date
• B. Over a period of time
• C. For a period of time since its inception
• D. For the last 5 years

Answer 1

The Correct Option is A

The Balance Sheet provides a snapshot of the financial position of a business at a specific point in time. It shows the company's assets, liabilities, and equity as of that particular date, helping to assess its financial stability.

The correct answer is (A): At a particular date

The balance sheet does not provide information over a period of time, nor does it show data for the entire history of the company or for a specific number of years. It is a snapshot at one moment in time.

Answer 2

A balance sheet provides a snapshot of an enterprise’s financial position at a specific point in time, detailing assets, liabilities, and equity. It does not reflect performance over a period but rather summarizes the financial standing at a particular date.