Which of the following is true?
i. Balance sheet is alway sprepared from the point of view of the business, but not from the point of view of the owners.
ii. The financial relationship of the business to its owners is shown in the balance sheet.
iii. Balance sheet is always related to a period of time.
A. i and ii
B. ii and iii
C. i and iii
D. i, ii and iii
Answer: Option A
This Question Belongs to Commerce >> Accounting
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