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

Question 16:

• JAMB 2018

The basic role of accounting is to?

A. Detect fraud
B. Attest to financial statements
C. Measure performance
D. Protect shareholders

Question 17:

• JAMB 2019

One of the limitations of accounting is that

A. It ascertain financial position
B. It prevent fraud
C. Transactions are recorded in monetary terms
D. It monitor the progress of the enterprise