JAMB Accounting 2013 Objective — Question 2

Question 2 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2013 Objective paper, with the correct answer and a full explanation.

Accounting information seeks to provide

A. permanent records for all transactionsCorrect
B. analysis of accounts to trade debtors
C. audited reports on the accounts of a company
D. data about the employees of a company

Explanation

Accounting information will provide a permanent record which all users of accounts can fall back on at any time.

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