Nature and Significance of Accounting - Jamb Accounts - Principles of Accounts Past Questions and Answers

Question 51:

• JAMB 2009

The process of bookkeeping includes records produced from?

A. Ledgers
B. Source documents
C. Minutes of meeting
D. Intuitive reasoning

Question 52:

• JAMB 2011

The historical development of accounting reveals that it?

A. Deals with debit and credit of items
B. Is a product of financial development
C. Is a product of its own evironmnent
D. Is an ideal subject for finacial development

Question 53:

• JAMB 2011

The historical development of accounting reveals that it?

A. Deals with debit and credit of items
B. Is a product of financial development
C. Is a product of its own evironmnent
D. Is an ideal subject for finacial development

Question 54:

• JAMB 2012

The basis upon which assets of an organization is valued is the

A. Historical concept
B. Business entity concept
C. Periodicity concept
D. Materiality concept

Question 55:

• JAMB 2012

The basis upon which assets of an organization is valued is the

A. Historical concept
B. Business entity concept
C. Periodicity concept
D. Materiality concept