WAEC Accounting 2023 Objective — Question 37
Question 37 of 50 from the West African Examinations Council (WAEC) Accounting 2023 Objective paper, with the correct answer and a full explanation.
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A reason a business is not able to keep full set of accounting records is that
- A. the business does not make profit.
- B. the business is not a trading concern.
- C. double entry shows the true profit.
- D. double entry is expensive to maintain.Correct
Explanation
A business may lack the capacity/resources to maintain full double entry records, since double entry bookkeeping can be expensive to maintain.
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