Post Utme Esut 2017 Accounting Question 31

Practice objective / multiple choice question 31 from the 2017 Post Utme Esut Accounting examination.

Post Utme Esut 2017 Accounting Objective / Multiple Choice

Question 31 POST_UTME_ESUT • 2017 • ACCOUNTING • objective

A company has the following Financial Statements: Trading Account, Profit and Loss Account, and Balance Sheet. What is the primary purpose of the Trading Account?

Correct Answer A. To show the revenues and expenses of the company

B. To show the assets, liabilities, and equity of the company

C. To show the cash and bank transactions of the company

D. To show the profit or loss of the company

Correct Answer

Correct Option:

To show the revenues and expenses of the company

This is Post Utme Esut 2017 Accounting Question 31. It is one of the objective questions from the 2017 Post Utme Esut Accounting examination.

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