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
jamb 1994accounting

The correct answer is C. balance sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity. It simply shows the financial position of a business for a particular given period

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