Jamb Accounts - Principles of Accounts Questions - Nature and Significance of Book keeping and Accounting
Question 106:
A financial analyst needs accounting information to?
- A Maintain the production section of the business
- B Know why transactions cause increase and decreases in assets
- C Advise on how to manage the business
- D Know how to record transaction in T account
Question 107:
The main reason for adopting a departmental account is to?
- A Record transactions for each department for betterdocumentation
- B Tackle any recording problem as a result of expansion
- C Continuously evaluate the profitability of different departments
- D Ensure that departmental mangers are adequately monitored
Question 108:
Ordinary shareholders received dividend before?
- A Creditors
- B Debtors
- C Preference shareholders
- D Deferred shareholders
Question 109:
The Auditor General of the Federation can be removed by the?
- A National Assembly
- B Chief Justice
- C The president
- D Head of Service
Question 110:
Which of the following is true of Uju Nig.Ltd?
- A It is a highly geared company
- B It has no liquidity problem in the short term
- C It is adequately secured in fixed assets
- D It's working capital is zero