JAMB Accounting 2015 Objective — Question 3

Question 3 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2015 Objective paper, with the correct answer and a full explanation.

Responsibility accounting is particularly concerned with

A. Historical accounting
B. Controllable costs
C. Storekeeping
D. Valuation of stockCorrect

Explanation

Stock valuation is a responsibility accounting matter because it shows who is responsible for store replenishment, stock keeping, etc.

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