Accountancy Part BFinancial Statements of a Company

Balance Sheet provides information about financial position of the en…

Balance Sheet provides information about financial position of the enterprise:

Answer & explanation

Correct answer: option 1

The correct answer is Option (1) → At a particular date

NCERT (2026-27 edition):
Balance Sheet – “The balance sheet shows all the assets owned by the concern, all the obligations or liabilities payable to outsiders or creditors and claims of the owners on a particular date.”