JAMB Accounting 2009 Objective — Question 1

Question 1 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2009 Objective paper, with the correct answer and a full explanation.

1. Which of the following branches of accounting was first developed?

A. Cost accounting
B. Financial accountingCorrect
C. Management accounting
D. Petroleum accounting

Explanation

Financial accounting is the first aspect of accounting that was developed; it remains the most fundamental branch of accounting.

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