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JAMB Principles of Accounts 2001 Question 2

Question 2

Manufacturing Accounts

Cost accounting entails the provision of information

  1. A.for investment purposes
  2. B.for decision making
  3. C.to shareholders
  4. D.to stockholders.
Show the answer and explanation

Answer: B (for decision making)

Explanation

Cost accounting gives management cost information for planning, control and decision making.