Jamb Accounts - Principles of Accounts Questions - Nature and Significance of Book keeping and Accounting
Question 16:
A government accounting systems must make sure that
- A Revenue exceeds expenditure
- B All applicable legal provisions are complied with
- C Capital expenditure is equal to revenue
- D Capital project fund is tied to recurrent expenditure
Question 18:
If a 10% dividend is approved, what is the dividend payable to ordinary shareholders?
- A N 13 000
- B N 11 300
- C N 10 000
- D N 8 000
Question 19:
The most important reason for studying accounting is that
- A The information provided by accounting is useful in making decision
- B Accounting plays an important role in the society
- C The study of Accounting leads to challeging career
- D Accounting provides gross profit information
Question 20:
The most important reason for studying accounting is that
- A The information provided by accounting is useful in making decision
- B Accounting plays an important role in the society
- C The study of Accounting leads to challeging career
- D Accounting provides gross profit information