2022 neco book keeping answers - Verified 2022 WAEC EXAM English Questions and Answers

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WAEC English Questions and Answers 2022. WAEC Eng Expo for Theory & Objective (OBJ) PDF: verified & correct expo Solved Solutions, 2022 neco book keeping answers. 2022 WAEC EXAM English Questions and Answers

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Use this No. 2

(2a)
Under BOOK KEEPING:
(i)
Book keeping is responsible for the recording of financial transactions
(ii) Bookkeeping does not involve interpreting and analyzing data.
(iii)
Bookkeeping is capable of handling the recording part of the accounting process

Under ACCOUNTING:
(i) Accounting is responsible for interpreting, classifying, reporting and summarizing financial data.
(ii) Accounting involves interpreting and analyzing data
(iii) Accountant handle all parts of the accounting process.


(2b)
(i) Bookkeeping gives companies a reliable measure of their performance
(ii) It also provides information on general strategic decisions and a benchmark for its revenue and income goals
(iii) It helps in maintaining the spending extra time and money on records
(iv) It helps in keeping records of any penny spent

WAEC English Questions and Answers 2022. WAEC Eng Expo for Theory & Objective (OBJ) PDF: verified & correct expo Solved Solutions, 2022 neco book keeping answers. 2022 WAEC EXAM English Questions and Answers

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