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21 Differentiate between statament of affairs and Iblance Sheek |
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Answer» Explanation: Q) Differentiate between STATAMENT of affairs and Iblance Sheek ANSWER:: Statement of Affairs is a statement SHOWING assets, liabilities and capital of the ENTITY prepared on the basis of a single entry system of bookkeeping. A Balance SHEET is a statement showing assets, liabilities and equity of the COMPANY prepared on the basis of the double entry system of bookkeeping. ༶•┈┈⛧┈♛✤✤✤✤✤✤✤♛┈⛧┈┈•༶ |
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