The correct heading for the balance sheet of Conspicuous Ltd at the end of December 2018 is “Balance Sheet of Conspicuous Ltd ……….. ?
Select ONE answer:
- for the period ended 31 December 2018
- for the year ended 31 December 2018
- as at 31 December 2018
- as at December 2018
Show your workings to arrive at your answer, and explain and justify your reasons:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This multiple choice question is suitable for Accounting KS5 classes.
The answer is 3
1 – a balance sheet shows the financial position of an entity at a particular point of time/date not over a period of time
2 – a balance sheet shows the financial position of an entity at a particular point of time/date not over a period of time
4 – a balance sheet shows the financial position of an entity at a particular point of time/date not over a period of time
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