Question

The balance sheet of a company is not:

Select one or more:
a. A financial record showing balance between the company's net assets and net capital employed
b. A record of the company's net profit
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C. The company's position with respect to its assets and liabilities as at the end of the company's financial year
d. The company's portfolio position

Answer 1

Step-by-step explanation:

b. A record of the company's net profitThe balance sheet of a company shows the company's position with respect to its assets and liabilities as at the end of the company's financial year. It is a financial record that shows the balance between the company's net assets and net capital employed. The balance sheet does not show the company's net profit, which is calculated on the income statement. Therefore, option b is incorrect, while options a, c, and d are incorrect.