The balance sheet of a company is a snapshot of the ______ of the firm at a point in time.

– by
Question:

The balance sheet of a company is a snapshot of the ______ of the firm at a point in time.

A.

the sources and applications of funds of the company.

B.

expenditure structure

C.

profit structure

D.

income structure

Answer» a. the sources and applications of funds of the company.

Note: The above multiple-choice question is for all general and Competitive Exams in India.