WAEC Accounting 2013 Objective — Question 49
Question 49 of 50 from the West African Examinations Council (WAEC) Accounting 2013 Objective paper, with the correct answer and a full explanation.
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A statement showing a trader's financial position as at a particular date is a/an
- A. Trading account
- B. profit and loss account
- C. balance sheetCorrect
- D. appropriation account
Explanation
Balance sheet is a statement that show the financial position of a business as at a particular date. It shows what a business concern worth.
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