The statement of assets and liabilities is-

The correct answer is: A. Balance sheet

A balance sheet is a financial statement that reports a company’s assets, liabilities, and equity at a specific point in time. It is one of the three main financial statements, along with the income statement and the cash flow statement.

Assets are resources that a company owns and expects to benefit from in the future. Liabilities are obligations that a company owes to others. Equity is the difference between a company’s assets and its liabilities.

The balance sheet is a snapshot of a company’s financial position at a specific point in time. It is used to assess a company’s financial health and to track its