What purposes would a trader use his income statement and statement of financial position for? 1 to assist decisions about the business's performance 2 to display the balance on the business bank account at a particular date 3 to present the business's financial position on a particular 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