JAMB Accounting 2021 Objective — Question 32
Question 32 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2021 Objective paper, with the correct answer and a full explanation.
Advertisement
32. One of the advantages of accounting ratio is a. It detects errors and fraud b. It is easy to compute c. It aids quick decision-making d. It deals in figures
- A. It detects errors and fraud
- B. It is easy to compute
- C. It aids quick decision-makingCorrect
- D. It deals in figures
Explanation
Accounting ratios condense financial information into comparable figures that management can use to make quick, informed decisions.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.