What is the purpose of a balance sheet?

Posted by: Pdfprep Category: T7 Tags: , ,

What is the purpose of a balance sheet?
A . To show sources of funds and the manner in which those funds are employed
B . To account for changes in cash during the accounting period
C . To show details of the nature of a company’s operating activities
D . To reconcile the beginning and ending balances of stockholders’ equity

Answer: A

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