Investment at cost of a company is to be disclosed under<...
Investment at cost of a company is to be disclosed under
Trading accounts
Profit and loss account
Balance sheet
Source and application of fund
Correct answer is C
A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity. The balance sheet is one of the three (income statement and statement of cash flows being the other two) core financial statements used to evaluate a business.
July 1 - Started business with #10,500 July 31- Paid Agromachinex #6,000 owing them The double ...
\(\begin{array}{c|c} & ₦ \\ \hline \text{Net profit} & 60,000\\ \text{Total assets} & ...
Which of the these entries is wrong PURCHASES ACCOUNT \(\begin{array}{c|c} & N & &...
\(\begin{array}{c|c} & ₦ \\ \hline \text{Net profit} & 60,000\\ \text{Total assets} & ...
Which of the following expenses relate to the profit and loss account of a manufacturing firm? &n...
Members of a not-for-profit making organization ...
A business should not lay claim to any profit before it is earned. This is in accordance w...
An increases in the provision for doubtful debts results is a\an ...