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BigFella9503 BigFella9503
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Generating a(n) ________ indicates a company's financial position on a particular date.

▸ organizational budget

▸ balance sheet

▸ cost analysis

▸ profitability report

▸ productivity analysis
Textbook 
Business in Action

Business in Action


Edition: 9th
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LondonLondon
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balance sheet

The balance sheet, also known as the statement of financial position, is a snapshot of a company's financial position on a particular date. In effect, it freezes all business actions and provides a baseline from which a company can measure change from that point forward.
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