passwella.
Menu

JAMB Principles of Accounts 2001 Question 1

Question 1

Introduction to Accounting

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

  1. A.increased financial activities
  2. B.government intervention
  3. C.credit as a factor in business
  4. D.payment for goods in cash.
Show the answer and explanation

Answer: A (increased financial activities)

Explanation

More financial activity (banking, credit, capital markets) supports a larger volume of trade and financial dealings.