The financial position of the business is ascertained on the basis of _________ .

Records prepared under Book-keeping process

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Ledgers

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Trial balance

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Financial statement

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Solution

The correct option is D Financial statement
Financial statements records and outline the financial activities of a business, an individual or any other entity. Financial statements are meant to present the financial information of the entity in question as clearly and concisely as possible for both the entity and for readers. The financial position of the business is ascertained on the basis of financial statements.

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Similar questions

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