JAMB Accounting 2025 Objective — Question 2
Question 2 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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Accounts that have credit balance are closed by using the statement.
- A. By balance b/d
- B. By balance c/d
- C. To balance b/d
- D. To balance c/dCorrect
Explanation
Generally, all ledger accounts are closed with the statement balance c/d (c/d means carried down).
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