Post Utme Achievers University 2020 Accounting Question 16

Practice objective / multiple choice question 16 from the 2020 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2020 Accounting Objective / Multiple Choice

Question 16 POST_UTME_ACHIEVERS_UNIVERSITY • 2020 • ACCOUNTING • objective

In a public sector accounting system, what is the primary purpose of the 'Statement of Changes in Net Assets'?

Answer Options

Correct Answer A. To report the increase or decrease in assets, liabilities, and equity

B. To present the financial position of the entity at the end of the period

C. To disclose the accounting policies used in preparing the financial statements

D. To provide a summary of the entity's financial performance

Correct Answer

Correct Option:

To report the increase or decrease in assets, liabilities, and equity

About This Question

This is Post Utme Achievers University 2020 Accounting Question 16. It is one of the objective questions from the 2020 Post Utme Achievers University Accounting examination.

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