JAMB Accounting 2010 Objective — Question 2
Question 2 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2010 Objective paper, with the correct answer and a full explanation.
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2. The major function of accounting bodies in Nigeria is to A. provide proper financial management of businesses B. provide good remuneration to the members of the profession C. promote the ethics of the profession D. show the dynamic nature of the profession
- A. provide proper financial management of businesses
- B. provide good remuneration to the members of the profession
- C. promote the ethics of the professionCorrect
- D. show the dynamic nature of the profession
Explanation
The accounting bodies exist to: (i) regulate the accounting profession, (ii) promote the ethics of the profession, (iii) protect the interest of the members of the profession.
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