O-LevelAccountingThe fundamentals of accounting7707/11 · Oct/Nov 2012 · Q251 Mark
What is a statement of affairs?
Acomparison of cash inflows and outflows for a specific period
Bcomparison of revenues and expenses for a specific period
Clist of assets and liabilities at a specific date
Dlist of trade receivables and trade payables at a specific date
✓ Correct answer
C: list of assets and liabilities at a specific date
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