Which among the following is a position statement of a company?

Balance sheet

The correct answer is option 1- Balance sheet.

Financial statements are the basic and formal annual reports through which the corporate management communicates financial information to its owners and various other external parties which include investors, tax authorities, government, employees, etc. These refer to: the balance sheet (position statement) as at the end of accounting period, the statement of profit and loss of a company and the cash flow statement. The financial position reflected in the balance sheet is true at that point of time, the likely change on a future date is not depicted.