The heading at the top of a balance sheet includes the name of the firm the words Balance Sheet and the date of the

financial statement

True

Faise

The answer to it is true

The correct answer is TRUE.

Explanation:

A balance sheet is an annual report to demonstrate the financial situation of a company.

This report shows debts, goods and services that a company owns and its net capital. Each company has certain types of accounts that will be placed in these categories (Assets, Liabilities or Capital).

For example, a customer will go in the assets column, since a customer of a company generates income, just as a supplier will go in the liabilities column because the company must pay the supplier to receive something in return.

This balance must have a heading that has the name of the company, the words "Balance Sheet" and the date of the financial statement.

Therefore, we can say that the answer is True.