JAMB Accounting 2014 Objective — Question 2

Question 2 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2014 Objective paper, with the correct answer and a full explanation.

One of the differences between book keeping and accounting is that the former

A. records data while the latter interprets itCorrect
B. is regarded as the language of business while the latter ascertains its strength
C. interprets data while the latter records it
D. summarises information while the latter communicates it

Explanation

The book keeper summarises accounting information while the accountants put it in a communicable mode and may not necessarily interpret it.

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