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.
Advertisement
The balance sheet is prepared to reveal
- 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.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.