2024 NECO BOOK KEEPING: 2024 neco book keeping answers (6386)
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Welcome to official 2024 Book keeping NECO answer page. We provide 2024 Book keeping NECO Questions and Answers on Essay, Theory, OBJ midnight before the exam, this is verified & correct NECO BookKeeping Expo. NECO Book keeping Questions and Answers 2024. NECO BookKeeping Expo for Theory & Objective (OBJ) PDF: verified & correct expo Solved Solutions, 2024 neco book keeping answers. 2024 NECO EXAM Book keeping Questions and Answers
Use this No. 2
(2a)
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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
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