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JAMB Principles of Accounts 2008 Question 3

Question 3

Introduction to Accounting

A financial analyst needs accounting information to

  1. A.maintain the production section of the business
  2. B.know why transactions cause increases and decreases in assets
  3. C.advise on how to manage the business
  4. D.know how to record transactions in T account
Show the answer and explanation

Answer: C (advise on how to manage the business)

Explanation

A financial analyst studies the accounts to give advice on how the business should be run and financed.