For what purposes would a trader use his income statement and statement of financial position? 1 to allow decisions to be taken about the business's performance 2 to show the balance on the business bank account at a specific date 3 to present the financial position of the business on a given date 4 to indicate whether the business made a profit or a loss in the financial year
- A1 and 4 only
- B1, 3 and 4
- C2 and 3 only
- D2, 3 and 4