WAEC Accounting 2016 Objective — Question 15
Question 15 of 50 from the West African Examinations Council (WAEC) Accounting 2016 Objective paper, with the correct answer and a full explanation.
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15. The balance sheet is prepared to reveal A. the result of the operations for the period under review B. the financial position of the business C. the arithmetical accuracy of the ledger accounts D. the accruals and payments
- A. the result of the operations for the period under review
- B. the financial position of the businessCorrect
- C. the arithmetical accuracy of the ledger accounts
- D. the accruals and payments
Explanation
Balance sheet is prepared to reveal the financial position of an organization.
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