Concept:The accounting equation is Assets=Liabilities+Owner’s Equity.Explanation:The balance sheet is the financial statement that matches this equation directly.It lists a company's assets on one side and its liabilities plus owner's equity on the other side.This statement is prepared at a specific point in time to show the financial position.The trading account and profit and loss account show business performance, not financial position.The statement of cash flow shows cash movements, not assets, liabilities, and equity.Answer:C. Balance sheet