Post Utme Greenfield University 2022 Accounting Question 16

Practice objective / multiple choice question 16 from the 2022 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2022 Accounting Objective / Multiple Choice
Question 16 POST_UTME_GREENFIELD_UNIVERSITY • 2022 • ACCOUNTING • objective

What is the primary purpose of the accounting equation in the preparation of financial statements?

Answer Options

A. To present the financial position of a business
Correct Answer B. To show the relationship between assets, liabilities, and equity
C. To determine the profitability of a business
D. To identify the sources of financing a business
Correct Answer
B
Correct Option:
To show the relationship between assets, liabilities, and equity

About This Question

This is Post Utme Greenfield University 2022 Accounting Question 16. It is one of the objective questions from the 2022 Post Utme Greenfield University Accounting examination.

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