JAMB Accounting 2025 Objective — Question 10
Question 10 of 41 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2025 Objective paper, with the correct answer and a full explanation.
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Inventories, cash and equivalents, and accounts receivables are listed as
- A. Earnings on Income Statement
- B. Payments on Income Statement
- C. Assets on the Balance SheetCorrect
- D. Liabilities on the Balance Sheet
Explanation
Inventories, cash and bank balances and other short-term cash flows or assets are recorded in the current assets section of the business's balance sheet.
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