JAMB Accounting 2018 Objective — Question 38

Question 38 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2018 Objective paper, with the correct answer and a full explanation.

The basic role of accounting is to

A. detect fraud
B. attest to financial statements
C. measure performanceCorrect
D. protect shareholders

Explanation

Management accounting and cost accounting are essentially the same in this context — the basic role of accounting is to measure performance.

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