JAMB Commerce 2025 Objective — Question 1
Question 1 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2025 Objective paper, with the correct answer and a full explanation.
Advertisement
A balance sheet shows:
- A. Assets & Liabilities onlyCorrect
- B. Income & Expenditure
- C. Only Liabilities
- D. Only Assets
Explanation
A balance sheet is a financial statement presenting the assets and liabilities of a business as at a specific date.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.