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The current growth in the volume of trading and financial dealings in nigerian is helped...

Accounts - Principles of Accounts
JAMB 2018

The current growth in the volume of trading and financial dealings in nigerian is helped by?

  • A. credit as a factor in business
  • B. payments for goods in cash
  • C. increased financial activities
  • D. government intervention
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Correct Answer: Option C
Explanation

Financing activities are transactions or business events that affect long-term liabilities and equity. In other words, financing activities are transactions with creditors or investors used to fund either company operations or expansions. These transactions are the third set of cash activities displayed on the statement of cash flows.


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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709