JAMB Accounting 2017 Objective — Question 9

Question 9 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2017 Objective paper, with the correct answer and a full explanation.

The difference between book keeping and accounting is that

A. A. book keeping interprets data, accounting records it
B. B. book keeping records data, accounting interprets it
C. C. book keeping summarises information, accounting communicates itCorrect
D. D. book keeping is regarded as the language of the business, accounting ascertains its strength and weakness

Explanation

Book keeping summarises/records financial information, while accounting goes further to communicate that information to users.

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