What is a balance sheet? - SchoolNGR

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What is a balance sheet?

What is a balance sheet?

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Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE

A A financial statement that shows a company's assets, liabilities, and equity
B A document that lists all the company'sEXP#enses
C A record of all sales trANS#actions
D A report showing the company's profit
E A summary of the company's market share

Correct Answer: Option A

Explanation:
A balance sheet is a financial statement that shows a company's assets, liabilities, and equity.

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