Objectives of bookkeeping and accounting - Jamb Accounts - Principles of Accounts Past Questions and Answers

Question 11:

• JAMB 2009

The process of bookkeeping includes records produced from?

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

Question 12:

• 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 13:

• 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 14:

• JAMB 2016

One of the objectives of accounting is that it can be used for

A. Business decision making
B. Due process in business
C. Motivating employees
D. Determining the work force

Question 15:

• JAMB 2016

The difference between book keeping and accounting is that while

A. Book keeping interprets data, accounting records it
B. Book keeping is regarded as the language of the business accounting ascertians its strength and weakness
C. Book keeping records data accounting interprets it
D. Book keeping summaries information accounting communicatesit