JAMB Accounting 2011 Objective — Question 1
Question 1 of 49 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2011 Objective paper, with the correct answer and a full explanation.
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The historical development of accounting reveals that it
- A. A. deals with debit and credit of items
- B. B. is a product of financial developmentCorrect
- C. C. is a product of its own environment
- D. D. is an ideal subject for financial development
Explanation
The need to keep account arises where there is development in finances among people, so accounting is a product of financial development.
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