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Receipts and Payments Account

The document ...

Question

The document listing the latest balance of all real and personal A/c in the ledger on a given date is known as ..........

A

Trial balance

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B

Positional statement

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C

Income statement

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D

Charter of A/cs

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Solution

The correct option is A Positional statement
The document listing the latest balance of all real and personal A/c in the ledger on a given date is known as Positional statement

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