Financial position of the business is ascertained on the basis of
  • a)
    Records prepared under book-keeping process.
  • b)
    Trial balance.
  • c)
    Accounting reports.
  • d)
    None of the above.
Correct answer is 'C'. Can you explain this answer?

CA Foundation Question

Saikumar Guttula
Aug 02, 2018
Financial position means the total position of business whether it is profit or loss .we should only consider from accounting reports only.

This discussion on Financial position of the business is ascertained on the basis ofa)Records prepared under book-keeping process.b)Trial balance.c)Accounting reports.d)None of the above.Correct answer is 'C'. Can you explain this answer? is done on EduRev Study Group by CA Foundation Students. The Questions and Answers of Financial position of the business is ascertained on the basis ofa)Records prepared under book-keeping process.b)Trial balance.c)Accounting reports.d)None of the above.Correct answer is 'C'. Can you explain this answer? are solved by group of students and teacher of CA Foundation, which is also the largest student community of CA Foundation. If the answer is not available please wait for a while and a community member will probably answer this soon. You can study other questions, MCQs, videos and tests for CA Foundation on EduRev and even discuss your questions like Financial position of the business is ascertained on the basis ofa)Records prepared under book-keeping process.b)Trial balance.c)Accounting reports.d)None of the above.Correct answer is 'C'. Can you explain this answer? over here on EduRev! Apart from being the largest CA Foundation community, EduRev has the largest solved Question bank for CA Foundation.
This discussion on Financial position of the business is ascertained on the basis ofa)Records prepared under book-keeping process.b)Trial balance.c)Accounting reports.d)None of the above.Correct answer is 'C'. Can you explain this answer? is done on EduRev Study Group by CA Foundation Students. The Questions and Answers of Financial position of the business is ascertained on the basis ofa)Records prepared under book-keeping process.b)Trial balance.c)Accounting reports.d)None of the above.Correct answer is 'C'. Can you explain this answer? are solved by group of students and teacher of CA Foundation, which is also the largest student community of CA Foundation. If the answer is not available please wait for a while and a community member will probably answer this soon. You can study other questions, MCQs, videos and tests for CA Foundation on EduRev and even discuss your questions like Financial position of the business is ascertained on the basis ofa)Records prepared under book-keeping process.b)Trial balance.c)Accounting reports.d)None of the above.Correct answer is 'C'. Can you explain this answer? over here on EduRev! Apart from being the largest CA Foundation community, EduRev has the largest solved Question bank for CA Foundation.