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Question 90

Which financial statement shows the financial position of a business on a particular date?

  1. ATrial Balance
  2. BProfit and Loss Account
  3. CBalance Sheet
  4. DCash Book
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Correct answer: (C) Balance Sheet

Explanation

The balance sheet shows the assets, liabilities and capital of a business on a particular date, so it shows the financial position on that date.

From DSSSB TGT Computer Science Practice Set 4

This is question 90 of DSSSB TGT Computer Science Practice Set 4. See all questions of this paper with answers, or attempt the paper as a timed online test to get your score and all-India rank.