Post Utme Achievers University 2018 Accounting Question 39

Practice objective / multiple choice question 39 from the 2018 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2018 Accounting Objective / Multiple Choice
Question 39 POST_UTME_ACHIEVERS_UNIVERSITY • 2018 • ACCOUNTING • objective

A business has incomplete records and needs to prepare a statement of financial position. What is the first step in preparing this statement?

Answer Options

Correct Answer A. To prepare a trial balance
B. To prepare a statement of cash flows
C. To prepare a statement of financial activities
D. To prepare a statement of changes in equity
Correct Answer
A
Correct Option:
To prepare a trial balance

About This Question

This is Post Utme Achievers University 2018 Accounting Question 39. It is one of the objective questions from the 2018 Post Utme Achievers University Accounting examination.

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