JAMB Commerce 2014 Objective — Question 12

Question 12 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2014 Objective paper, with the correct answer and a full explanation.

A document recording the transactions of an organization with its customer for a specified period, which normally shows the indebtedness of one to the other, is a

A. statement of accountCorrect
B. consular invoice
C. pro-forma invoice
D. statement of affairs

Explanation

A statement of account is the account that shows the detail transactions between two or more persons.

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