The financial position of an organization at a particular time can be ascertained from the

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Accounts - Principles of Accounts JAMB 1994

The financial position of an organization at a particular time can be ascertained from the

  • statement of sources and application of funds
  • statement of retained earnings
  • balance sheet checkmark
  • profit and loss account

The correct answer is: C

Explanation

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity. It simply shows the financial position of a business for a particular given period

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