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BECE Business Studies 2022 Objective — Question 55

Question 55 of 119 from the Basic Education Certificate Examination (Junior WAEC) (BECE) Business Studies 2022 Objective paper, with the correct answer and a full explanation.

The main purpose of preparing a trading account is to ascertain

A. accumulated fund.
B. capital.
C. gross profit.Correct
D. net profit.
E. purchases.

Explanation

The trading account shows gross profit or gross loss.

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