JAMB Accounting 2017 Objective — Question 24

Question 24 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2017 Objective paper, with the correct answer and a full explanation.

The major advantage of the journal proper is that it helps in

A. A. preparation of the balance sheetCorrect
B. B. preventing fraud and theft of items of the business
C. C. serving as a book of instruction to the book keeper
D. D. helping the banking industry to be efficient

Explanation

The journal proper records non-routine transactions (e.g. opening entries, corrections) that ultimately assist in preparing the balance sheet.

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