JAMB Accounting 2021 Objective — Question 27

Question 27 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2021 Objective paper, with the correct answer and a full explanation.

27. In the balance sheet, assets appear on a. Right side b. Left side c. Right and left side d. None of the above

A. Right sideCorrect
B. Left side
C. Right and left side
D. None of the above

Explanation

In a two-sided (horizontal) balance sheet statement, assets are posted on the right side of the statement.

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