A financial document that shows the assets, liabilities, and ...

[cookcarl]

A financial document that shows the assets, liabilities, and owner's equity of an organization on a given date is a(n):
 a. balance sheet.
 b. income statement.
 c. cash flow statement.
  d. budget.

Question 2

In a consecutive numeric filing system, records carrying the lowest numbers are the oldest records, which makes transferring records to inactive storage very easy to do.
 a. True
  b. False
 Indicate whether the statement is true or false

[debra928]

Answer to Question 1

a

Answer to Question 2

True