JAMB Accounting 2022 Objective — Question 4

Question 4 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2022 Objective paper, with the correct answer and a full explanation.

4. Externals use accounting information to

A. (A) help the company improve
B. (B) determine their entitlement from the company
C. (C) determine the profitability of the companyCorrect
D. (D) create agreement among themselves

Explanation

External users rely on accounting information to determine the profitability of a company, so as to know where best to invest their money.

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