JAMB Accounting 2015 Objective — Question 25

The statement of affairs prepared from incomplete records can be described as

• A. the summary of all the business transactions of the trader ascertained by the accounts
• B. a balance sheet at a particular date showing the assets and liabilities of the businessCorrect
• C. a schedule of all business ventures entered into for the period to which the records relate
• D. the statement that shows the profit or loss made during the period