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Which of the following is a not revealed by a firm's accounting records?

Accounts - Principles of Accounts
WAEC 2015

Which of the following is a not revealed by a firm's accounting records?

  • A. Profit of a period
  • B. Quality of labour force
  • C. Credit worthiness
  • D. Value of assets
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Correct Answer: Option B
Explanation

Accounting records include records of assets and liabilities, monetary transactions, ledgers, journals and any supporting documents such as checks and invoices. The firm quality of labour force isnt included in an acounting record.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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