2024 NECO BOOK KEEPING: 2024 neco book keeping answers (6386)

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Questions Students ask about 2024 NECO BOOK KEEPING: 2024 neco book keeping answers (6386)

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expocode.net answers


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

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

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