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State True Or False. Statement of Profit Shows Financial Position of Business. - Book Keeping and Accountancy

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प्रश्न

State True or False.
Statement of profit shows financial position of business.

विकल्प

  • True

  • False

MCQ
सत्य या असत्य
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उत्तर

False

Explanation:
 Under single-entry system, statement of profit shows the results of business activities. Instead, the financial position of a business is disclosed by preparing the statement of affairs.

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  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 8: Single entry System - Exercise 4 [पृष्ठ २५९]

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मायकल वाझ Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
अध्याय 8 Single entry System
Exercise 4 | Q 8 | पृष्ठ २५९
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