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  5. A balance sheet show...

A balance sheet shows only

Accounts - Principles of Accounts
WAEC 2012

A balance sheet shows only

  • A. fixed assets and current assets
  • B. assets and long term liabilities
  • C. assets and liabilities
  • D. assets and capital
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Correct Answer: Option C
Explanation

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity.

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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post UTME Past Questions Agent
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts