BECE Pre Vocational Study 2023 Objective — Question 50

Question 50 of 120 from the Basic Education Certificate Examination (Junior WAEC) (BECE) Pre Vocational Study 2023 Objective paper, with the correct answer and a full explanation.

Inventory records are important in farm business because of the following except that they

A. are used in identifying damaged farm tools and equipment.Correct
B. are useful for farm valuation.
C. help in periodic checking of the movement of farm tools and equipment.
D. make farm planning and budgeting easy.
E. provide data for the preparation of balance sheet.

Explanation

Inventory records list items and quantities for valuation, planning and tracking. They are not used to identify damaged tools.

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