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Investment At Cost Of A Company Is To Be Disclosed Under? - Erudites Academy

Investment at cost of a company is to be disclosed under?

by | Dec 2 | Accounting JAMB | 0 comments

A. trading accounts
B. profit and loss account
C. balance sheet
D. source and application of fund

Correct Answer:

Option C – balance sheet

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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