Post Utme Lead City University 2017 Accounting Question 14

Practice objective / multiple choice question 14 from the 2017 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2017 Accounting Objective / Multiple Choice
Question 14 POST_UTME_LEAD_CITY_UNIVERSITY • 2017 • ACCOUNTING • objective

A company prepares a trading account, profit and loss account, and balance sheet. What is the purpose of the trading account?

Answer Options

A. To show the profit or loss of the company
B. To show the financial position of the company
Correct Answer C. To show the revenue and expenses of the company
D. To show the assets and liabilities of the company
Correct Answer
C
Correct Option:
To show the revenue and expenses of the company

About This Question

This is Post Utme Lead City University 2017 Accounting Question 14. It is one of the objective questions from the 2017 Post Utme Lead City University Accounting examination.

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