Development of accounting - Jamb Accounts - Principles of Accounts Past Questions and Answers

Question 6:

• JAMB 1999

The need for changes in accounting theory in Nigeria was influenced by the?

A. Dynamics of commercialization and privatization policies
B. Growh in size of business units
C. Introduction of the structural adjustment programme
D. Inconvertibility of the nation's currency

Question 7:

• JAMB 2003

The two legally recognized professional accounting bodies in Nigeria are the?

A. Institute of Certified Public Accountants of Nigeria and the Institute of cost and Management Accountants of Nigeria
B. Association of Accountants of Nigeria and the Institute of Management Accountants of Nigeria
C. Institute of Chartered Accountants of Nigeria and the Association of National Accountants of Nigeria
D. Nigeria Accounting Association and the Excutive Cost and Management Accounts of Nigeria

Question 8:

• JAMB 2005

The double principle of accounting was developed by?

A. Frank Wood
B. Luca Pacioli
C. Akintola Williams
D. William Pickles

Question 9:

• JAMB 2005

The double principle of accounting was developed by?

A. Frank Wood
B. Luca Pacioli
C. Akintola Williams
D. William Pickles

Question 10:

• JAMB 2006

A major factor that enhanced the early development of accounting is the?

A. Industrial Revolution
B. Growing of trade and commerce
C. Development of arithmetic
D. Invention of writing