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JSCE Business Studies 2022 Objective — Question 73

Question 73 of 100 from the Junior Secondary Certificate Examination (JSCE) Business Studies 2022 Objective paper, with the correct answer and a full explanation.

Which of the following best describes a balance sheet? It is a/an ....

A. statement of assets and liabilitiesCorrect
B. account
C. a ledger
D. control account

Explanation

A balance sheet is a statement of assets and liabilities.

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