JAMB Accounting 2008 Objective — Question 1
Question 1 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2008 Objective paper, with the correct answer and a full explanation.
Advertisement
One of the major features of bookkeeping is that it
- A. provides permanent records for all financial transactionsCorrect
- B. is futuristic in nature
- C. accepts responsibility for all wrong postings
- D. does not give room for double entry procedure
Explanation
Book keeping gets all information ready for the consumption of various users; it provides permanent records for all financial transactions.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.