Users and characteristics of Accounting information - Jamb Accounts - Principles of Accounts Past Questions and Answers

Question 6:

• 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 7:

• 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 8:

• JAMB 2015

Accounting information is used by investors and creditors of a company to predict

A. Potential merger candidates for the company
B. Appropriate remunerations for the company’s staff
C. Future cash flows of the company
D. Future tax payments of the company

Question 9:

• JAMB 2015

Which of the following is not a feature of accounting information?

A. Timeliness
B. Accuracy
C. Completeness
D. Affordability

Question 10:

• JAMB 2017

Processed data is only useful to user if it is

A. Complex
B. Quantitative
C. Relevant
D. Qualitative