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.
In a modern day banking system, cash transfer cannot be made where the transferer ...
The cash realized from the sale of asset on dissolution of partnership is ...
The concept which underlines double entry bookkeeping is ...
A fixed cost is fixed only in relation to ...
Use the following information to answer the given question \(\begin{array}{c|c} & \text{1/1/8...
An amount set aside to meet expenses whose value is not certain is a ...
Which of the following activities will increase profits? ...
Net turnover is referred to as ...
Which of the following is a not revealed by a firm's accounting records? ...