A statement showing a trader's financial position as ...
A statement showing a trader's financial position as at a particular date is an
Trading account
Profit and loss account
Balance sheet
Appropriation account
Correct answer is C
A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure.
The major sources of revenue for the state and local governments is ...
Which of the following has multiple uses? ...
Which of the following is an item of special assets? ...
\(\begin{array}{c|c} & \text{1st Jan.} & \text{31st Dec.} \\ & ₦ & ₦ \\ creditor...
The excess of income over expenditure is usually transferred to the ...
The most important reason for studying accounting is that ...
The corresponding entry of personal accounts found in the debit side of the cash is to ...