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JAMB Principles of Accounts 2012 Question 44

Question 44

Company Accounts

Investment at cost of a company is to be disclosed under

  1. A.trading accounts
  2. B.profit and loss account
  3. C.balance sheet
  4. D.source and application of fund.
Show the answer and explanation

Answer: C (balance sheet)

Explanation

Investments are assets, so they are shown in the balance sheet.