Post Utme Christopher University 2017 Accounting Question 1

Practice objective / multiple choice question 1 from the 2017 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2017 Accounting Objective / Multiple Choice
Question 1 POST_UTME_CHRISTOPHER_UNIVERSITY • 2017 • ACCOUNTING • objective

In a partnership account, what is the correct order of preparation of the final accounts?

Answer Options

Correct Answer A. Trading and Profit and Loss Account, then Balance Sheet
B. Balance Sheet, then Trading and Profit and Loss Account
C. Trading and Profit and Loss Account, then Balance Sheet, then Reconciliation Statement
D. Reconciliation Statement, then Balance Sheet, then Trading and Profit and Loss Account
Correct Answer
A
Correct Option:
Trading and Profit and Loss Account, then Balance Sheet

About This Question

This is Post Utme Christopher University 2017 Accounting Question 1. It is one of the objective questions from the 2017 Post Utme Christopher University Accounting examination.

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