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Match the statement term

Exercise and reference answers

Matching pairs
  1. Left
    Balance sheet
    Right
    Position on one given date
  2. Left
    Profit and loss
    Right
    Performance over a period
  3. Left
    Schedule III
    Right
    Prescribed form of the accounts
Instructions
Match each term to what it means.

Explanation

_Source: syllabus Accountancy, Ch 3 'Financial Statements of a Company'_
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