Post Utme Nile University 2020 Commerce Question 34

Practice objective / multiple choice question 34 from the 2020 Post Utme Nile University Commerce examination.

Post Utme Nile University 2020 Commerce Objective / Multiple Choice

Question 34 POST_UTME_NILE_UNIVERSITY • 2020 • COMMERCE • objective

A company's financial year ends on December 31st. The company's accountant prepares a balance sheet as at December 31st. What is the purpose of the balance sheet?

Answer Options

Correct Answer A. To show the company's assets, liabilities, and equity

B. To show the company's revenue and expenses

C. To show the company's cash flow

D. To show the company's profit and loss

Correct Answer

Correct Option:

To show the company's assets, liabilities, and equity

About This Question

This is Post Utme Nile University 2020 Commerce Question 34. It is one of the objective questions from the 2020 Post Utme Nile University Commerce examination.

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