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Choose the option that best conveys the meaning of the underlined portion in the following...

English Language
JAMB 1978

Choose the option that best conveys the meaning of the underlined portion in the following sentence;
The balance sheet at the end of the business year shows that we broke even

  • A. lost heavily
  • B. made profit
  • C. neither lost nor gained
  • D. had no money to continue business
  • E. were heavily indebted to our bankers
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WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
Correct Answer: Option C
Explanation

"broke even" is a popular idiom in business that means to have no profit or loss at the end of the business activity.

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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
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WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709