WAEC Book Keeping 2024 Objective — Question 14

Question 14 of 40 from the West African Examinations Council (WAEC) Book Keeping 2024 Objective paper, with the correct answer and a full explanation.

14. A statement prepared to show the financial position of a business is A.

A. balance sheet.Correct
B. trial balance.
C. profit and loss account.
D. income and expenditure account.

Explanation

A balance sheet is a statement that shows the financial position of a company as at a particular date.

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.

Create free account

More questions from Book Keeping 2024 Objective More Book Keeping past papers