Which is a balance sheet?

Responses

the amount of credit-card debt a person has

the amount of credit-card debt a person has

statement of financial position

statement of financial position

jewelry someone owns

jewelry someone owns

a person's total financial value

1 answer

A balance sheet is best described as a statement of financial position. It provides a snapshot of an individual's or a company's financial condition at a specific point in time, detailing assets, liabilities, and equity.

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