JAMB Accounting 2022 Objective — Question 38
Question 38 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2022 Objective paper, with the correct answer and a full explanation.
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In which of the following businesses is it most likely to find a single entry?
- A. Partnership
- B. Joint venture
- C. Consortium
- D. Co-operative societyCorrect
Explanation
Most co-operative societies are not managed by professionals, so there is a high tendency that their records will not be properly kept, resulting in single entry bookkeeping.
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