Which of the following shows the actual financial position of an enterprise?

P and L a/c Balance Sheet Cash Flow Statement Cash Account

Balance Sheet

The balance sheet, also known as the statement of financial position, is one of the three primary financial statements used by companies to provide a snapshot of their financial health at a specific point in time. Unlike the income statement, which covers a specific period, the balance sheet represents a company's financial position as of a particular date, typically the end of a quarter or a fiscal year. The balance sheet is crucial for investors, creditors, and other stakeholders as it provides insights into a company's assets, liabilities, and shareholders' equity.