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

Question 56:

• JAMB 2012

An accountant must not only be interested in record keeping but also in

A. The application of professional competency
B. The accuracy of postings
C. The casting of financial figures
D. Effective preparation of balance sheet

Question 57:

• JAMB 2013

Accounting information seeks to provide

A. Permanent records for all transactions
B. Analysis of accounts to trade debtors
C. Audited reports on the accounts of a company
D. Data about the employees of a company

Question 58:

• JAMB 2013

Accounting information seeks to provide

A. Permanent records for all transactions
B. Analysis of accounts to trade debtors
C. Audited reports on the accounts of a company
D. Data about the employees of a company

Question 59:

• JAMB 2014

One of the the differences between bookkeeping and accounting is that the former

A. Records data while the latter interprets
B. Is regarded as the language of the business while the latter ascertains its strenght
C. Interprets data while the latter records it
D. Summarises information while the latter communicates it

Question 60:

• JAMB 2014

One of the the differences between bookkeeping and accounting is that the former

A. Records data while the latter interprets
B. Is regarded as the language of the business while the latter ascertains its strenght
C. Interprets data while the latter records it
D. Summarises information while the latter communicates it