The statement of affairs prepared from incomplete records can be described as?

A.

The summary of all the business transactions of the trader ascertained by the accountant

B.

A balance sheet at a particular date showing the assets and liabilities of the business

C.

A schedule of all the business ventures entered into for the period to which the records relates

D.

The statement that shows the profit or loss made during the period

Correct answer is B

No explanation has been provided for this answer.