Miriam does not keep a complete set of accounting records. The only figures known are the year’s purchases and the asset and liability values at the end of the year. Which financial statements can be prepared from this information?
- AIncome statement ✓ ; Statement of affairs ✓
- BIncome statement ✓ ; Statement of affairs ✗
- CIncome statement ✗ ; Statement of affairs ✓
- DIncome statement ✗ ; Statement of affairs ✗