JAMB Accounting 2008 Objective — Question 3
Question 3 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2008 Objective paper, with the correct answer and a full explanation.
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A financial analyst needs accounting information to
- A. maintain the production section of the business
- B. know why transactions cause increase and decrease in assets
- C. advise on how to manage the businessCorrect
- D. know how to record transactions in the account
Explanation
Financial analysis took at the various financial dealings of a business and the impact such deals may have on the value (asset) of the business, to advise on how to manage the business.
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