An Appraisal Of Accounting Ratio In Measuring Performance (a Case Study Of Mrs Oil Nigeria Plc Ilorin)

CHAPTER ONE1.1 BACKGROUND TO THE STUDY (INTRODUCTION) Accounting is essential to all advance civilization which has moved beyond barter or counter trade is a means of each exchanging and has devised some sort of monetary system of payment. Geofficy, Whitehead (1994, p.89), individual corporate bodies and government other which ranges from proper recording of income and expenditure to easy determination of profit or loss from their business activities. According to Geofficy Whitehead (1994, p.1) accounting is the controlling a business by keeping account, book-keeping records measuring on inter…