Post Utme Lead City University 2021 Commerce Question 30

Practice objective / multiple choice question 30 from the 2021 Post Utme Lead City University Commerce examination.

Post Utme Lead City University 2021 Commerce Objective / Multiple Choice

Question 30 POST_UTME_LEAD_CITY_UNIVERSITY • 2021 • COMMERCE • objective

A bank's financial statement shows a net income of ₦1.5 million. What is the primary purpose of this financial statement?

Answer Options

Correct Answer A. To show the bank's profitability

B. To demonstrate the bank's liquidity

C. To illustrate the bank's solvency

D. To display the bank's efficiency

Correct Answer

Correct Option:

To show the bank's profitability

About This Question

This is Post Utme Lead City University 2021 Commerce Question 30. It is one of the objective questions from the 2021 Post Utme Lead City University Commerce examination.

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