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WAEC Financial Accounting 2015 Question 26

Question 26

Introduction to Accounting

Which of the following is not revealed by a firm's accounting records?

  1. A.Profit of a period.
  2. B.Quality of labour force.
  3. C.Credit worthiness.
  4. D.Value of assets.
Show the answer and explanation

Answer: B (Quality of labour force.)

Explanation

Accounts record money values; the quality of workers is not measured in money, so the records do not show it.