Post Utme Igbinedion University 2017 Accounting Question 21

Practice objective / multiple choice question 21 from the 2017 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2017 Accounting Objective / Multiple Choice

Question 21 POST_UTME_IGBINEDION_UNIVERSITY • 2017 • ACCOUNTING • objective

In a partnership account, what is the correct order of preparation of the financial statements?

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 Income Statement

D. Balance Sheet, then Income Statement

Correct Answer

Correct Option:

Trading and Profit and Loss Account, then Balance Sheet

About This Question

This is Post Utme Igbinedion University 2017 Accounting Question 21. It is one of the objective questions from the 2017 Post Utme Igbinedion University Accounting examination.

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