JAMB Accounting 2021 Objective — Question 13
Question 13 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2021 Objective paper, with the correct answer and a full explanation.
Advertisement
13. Which of the following shows the financial position of an institution a. Balance sheet b. Trial balance c. Bank statement d. Cash book
- A. Balance sheetCorrect
- B. Trial balance
- C. Bank statement
- D. Cash book
Explanation
The balance sheet is a statement which states the financial position of an institution as at a particular date.
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.