JAMB Accounting 2014 Objective — Question 17

Question 17 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2014 Objective paper, with the correct answer and a full explanation.

The major focus of the trading account is to show

A. net profit
B. gross marginCorrect
C. total purchases
D. total sales

Explanation

The trading account is prepared with the aim of revealing the gross profit (gross margin).

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