Which financial statement shows financial position at a specific date under French rules

Which financial statement shows financial position at a specific date under French rules

Which financial statement shows financial position at a specific date under French rules?

A. Income Statement

B. Balance Sheet (Bilan)

C. Cash Flow Statement

D. Statement of Changes in Equity

Answer: B

Explanation: In French accounting, the Bilan (Balance Sheet) is a static financial statement that presents the company’s financial position (assets, liabilities, and equity) at a specific point in time (e.g., end of the fiscal year). The Income Statement shows performance over a period, while the Cash Flow Statement tracks cash movements.