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JAMB Accounting 2023 Objective — Question 28

Question 28 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2023 Objective paper, with the correct answer and a full explanation.

Which of the following uses cash basis of accounting for recording most of its transaction? A.

A. private limited liability company
B. co-operation society
C. governmentCorrect
D. sole proprietor

Explanation

Government accounting is recorded using the cash basis of accounting.

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