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Investment at cost of a company is to be disclosed under

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Accounts - Principles of Accounts JAMB 2012

Investment at cost of a company is to be disclosed under

  • trading accounts
  • profit and loss account
  • balance sheet checkmark
  • source and application of fund

The correct answer is: C

Explanation

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.

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