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    Financial Accounting
  4. Exam
    Exam 43: Fundamentals of Accounting: Objectives, Concepts, and Principles
  5. Question
    The Purpose of Final Accounts Is to Ascertain
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The Purpose of Final Accounts Is to Ascertain

Question 11

Question 11

Multiple Choice

The purpose of final accounts is to ascertain. …


A) Profit
B) The value of assets
C) The value of liabilities
D) profit or loss and financial position

Correct Answer:

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