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CABA · Question #129

Which of the following prescribes a format for Balance Sheets?

The correct answer is B. Generally Accepted Accounting Principles (GAAP). See the full explanation below for the reasoning.

Question

Which of the following prescribes a format for Balance Sheets?

Options

ABusiness Partner
BGenerally Accepted Accounting Principles (GAAP)
CCustomers
DFinancial Accounting Standards Board (FASB)

How the community answered

(32 responses)

A
9% (3)
B
72% (23)
C
3% (1)
D
16% (5)

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