JAMB Commerce 2022 Objective — Question 28

Question 28 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2022 Objective paper, with the correct answer and a full explanation.

The financial statement that shows claims of liability against assets is

A. trading account
B. capital statement
C. trial balance
D. balance sheetCorrect

Explanation

The balance sheet is the statement that shows the claims of liabilities against the assets of a company.

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