The statement of affairs prepared from incomplete records can be described as?

The statement of affairs prepared from incomplete records can be described as?

A the summary of all the business transactions of the trader ascertained by the accountant

B a balance sheet at a particular date showing the assets and liabilities of the business

C a schedule of all the business ventures entered into for the period to which the records relates

D the statement that shows the profit or loss made during the period

Answer is B

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