Post Utme Delsu 2018 Accounting Question 31

Practice objective / multiple choice question 31 from the 2018 Post Utme Delsu Accounting examination.

Post Utme Delsu 2018 Accounting Objective / Multiple Choice

Question 31 POST_UTME_DELSU • 2018 • 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

Correct Option:

Trading and Profit and Loss Account, then Balance Sheet

About This Question

This is Post Utme Delsu 2018 Accounting Question 31. It is one of the objective questions from the 2018 Post Utme Delsu Accounting examination.

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