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Investment at cost of a company is to be disclosed under

Accounts - Principles of Accounts
JAMB 2012

Investment at cost of a company is to be disclosed under

  • A. trading accounts
  • B. profit and loss account
  • C. balance sheet
  • D. source and application of fund
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Correct Answer: Option 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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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post UTME Past Questions Agent
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post UTME Past Questions Agent
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now