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A statement that shows the assets and liabilities of a business on a specific date is ...

A statement that shows the assets and liabilities of a business on a specific date is ____________
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Balance sheet.
  • B Bank statement.
  • C Cash book.
  • D Journal book.
  • E Trading account.
Correct Answer: Option A
Explanation:
A balance sheet provides a snapshot of a business's financial position, showing assets and liabilities on a specific date.

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