The financial statement which is an expression of the accounting equation is the

  • A Trading account
  • B Profit and loss account
  • C Balance sheet
  • D Statement of cash flow
waec 2016accounting

The correct answer is C. Balance sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure.

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