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

a

statement of sources and application of funds

b

statement of retained earnings

c

balance sheet

d

profit and loss account

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Correct Option
c

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Discussions (6)

hendris
13 years ago

the answer is balance sheet cos it helps to know when the firm is financially bouyant where both fixed and current asset shld be higher than liabilities which is a debit a firm is owing outsiders.

Hardeyemo
11 years ago

Balance sheet show the financial position of a business. The answer is correct.

prettybabes
1 year ago

pls explain why the answer is D

kesjudith
5 years ago

the correct answer is D (profit and loss account)

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