Home / Aptitude Tests / Accounting / The purpose of a tra...

The purpose of a trading account is to ascertain

...

The purpose of a trading account is to ascertain

A.

Sales

B.

Gross profit or loss

C.

Net profit or loss

D.

Carriage outwarrds

E.

Appropriated profit

View answer & explanation

Correct answer is B

No explanation has been provided for this answer.

See all Accounting questions & answers
See more WAEC questions & answers
Similar Questions

Accounts payable is ...

The accounting convention which states that the performance of a business should be determined by ma...

A typical example of a real account is? ...

The user of accounting information who is responsible for overall performance of the business is the...

Depreciation for the year 2019 is  ...

Balance as per cash book................N13560 Unpresented cheques.....................N5120 Uncre...

Use the following information to answer the given question. The Receipts and Payments Account of Aca...

Use the following information to answer the given question The department of Administration of Odi ...

Which of the following accounts are treated in the nominal ledger?  i. wages  ii. discou...

Calculate the cash balance after the discount. ...

Aptitude Tests

Puzzles Questions and Answers

Situational Judgement Questions and Answers

Abstract Reasoning Questions and Answers

Data Interpretation Questions and Answers

Quantitative Reasoning Questions and Answers

Verbal Reasoning Questions and Answers

Microsoft Office Questions and Answers

Typing Speed and Accuracy Test

Logical Reasoning Questions and Answers

Nigeria General Knowledge Questions and Answers

Spatial Reasoning Questions and Answers

Numerical Reasoning Questions and Answers

Personality Test

See all →


View latest jobs in Nigeria today