WAEC Accounting 2017 Objective — Question 1
Question 1 of 50 from the West African Examinations Council (WAEC) Accounting 2017 Objective paper, with the correct answer and a full explanation.
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1. Customers use the financial statement of a company to
- A. A. assess the financial position of the businessCorrect
- B. B. regulate their activities
- C. C. ascertain the taxable profit of the business
- D. D. be sure of the extent of job security
Explanation
Customers are outsiders to the company, thus, they use the financial position to know how well placed is the company.
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