Post Utme Oau 2018 Accounting Question 21

Practice objective / multiple choice question 21 from the 2018 Post Utme Oau Accounting examination.

Post Utme Oau 2018 Accounting Objective / Multiple Choice

Question 21 POST_UTME_OAU • 2018 • ACCOUNTING • objective

In a public sector accounting system, what is the primary purpose of the 'Statement of Changes in Equity'?

A. To report the net income or loss of the entity

Correct Answer B. To disclose the changes in equity during the period

C. To present the financial position of the entity at the end of the period

D. To reconcile the opening and closing balances of the equity accounts

Correct Answer

Correct Option:

To disclose the changes in equity during the period

This is Post Utme Oau 2018 Accounting Question 21. It is one of the objective questions from the 2018 Post Utme Oau Accounting examination.

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support