Vidyalelo
Commerce · Q1429

Accounting

Graduate and Post Graduate · Commerce · question 1429

Q1429

What is the correct sequence of the following actions required for the preparation of financial accounts? 1. Trading account 2. Making adjusting entries 3. Balance sheet 4. Profit and Loss account Select the correct answer:

A.
4, 2, 1 and 3
Answer
B.
2, 4, 3 and 1
C.
2, 1, 4 and 3
D.
4, 2, 3 and 1

Answer: Option A

Solution

Answer: Option A
No explanation is given for this question Let's Discuss on Board