𝐉𝐀𝐌𝐁 𝟐𝟎𝟐𝟔/𝟐𝟎𝟐𝟕: 𝟐𝟎𝟎 𝐋𝐈𝐊𝐄𝐋𝐘 𝐀𝐂𝐂𝐎𝐔𝐍𝐓 𝐐𝐔𝐄𝐒𝐓𝐈𝐎𝐍𝐒 𝐀𝐍𝐃 𝐀𝐍𝐒𝐖𝐄𝐑𝐒 𝐔𝐒𝐈𝐍𝐆 𝐓𝐇𝐄 𝐉𝐀𝐌𝐁 𝐔𝐓𝐌𝐄 𝟐𝟎𝟐𝟔 𝐒𝐘𝐋𝐋𝐀𝐁𝐔𝐒 PART 1 — QUESTIONS 1–50 Topic 1: Nature and Significance of Book Keeping and Accounting 1. Which of the following best distinguishes book keeping from accounting? A. Book keeping involves interpretation, while accounting involves only recording B. Book keeping is concerned mainly with recording transactions, while accounting includes classification, summarization and interpretation C. Book keeping is for external users only, while accounting is for internal users only D. Book keeping deals with cost data only, while accounting deals with cash data only 2. Which branch of accounting is primarily concerned with the preparation and presentation of general purpose financial statements for external users? A. Cost accounting B. Management accounting C. Financial accounting D. Social accounting 3. The major objective of acco...
CLARIFICATIONS ON TERRORIST ATTACKS ON BORNO COMMUNITIES The Nigerian Army has reacted to a report alleging over 40 soldiers were killed during recent terrorist attacks in parts of Borno State. A statement by the Media Information Officer,Headquarters Joint Task Force, Operation Hadin Kai Lieutenant Colonel Sani Uba says, the misleading report, which relied largely on unverified sources, presents a distorted account of the incident and fails to reflect the gallant efforts of troops who bravely defended communities against terrorist assaults. The attacks on the multiple communities occurred when remnants of the Boko Haram terrorists, who had earlier been dislodged from the Sambisa Forest during sustained offensive operations by troops, regrouped and launched night attacks from multiple directions on vulnerable communities and troops location around Konduga, Ngoshe, Mainok and Jakana general areas. Troops responded swiftly and fought gallantly to repel the terroris...