Question

If Ron agrees to use "book and hold" to boost his current month's sales and therefore the firm's revenues, which document used by investors, bankers, and others, will reflect this fact?

a.Balance sheet
b.Accounting equation
c.Statement of cash flows
d.Income statement

Answer 1

Step-by-step explanation:

What do you mean?

Answer 2

Answer: (A) Balance sheet

Step-by-step explanation:

The balance sheet is one of the type of financial business sheet that involve various types of liabilities, asset and the amount invested in the business.

The main advantage of the balance sheet is that we can easily manage the business related financial status in an organization and used as the document for illustrate the company revenue which is typically used by the bankers and the investors.

Therefore, Option (A) is correct.