Post Utme Abu 2020 Accounting Question 1

Practice objective / multiple choice question 1 from the 2020 Post Utme Abu Accounting examination.

Post Utme Abu 2020 Accounting Objective / Multiple Choice

Question 1 POST_UTME_ABU • 2020 • ACCOUNTING • objective

In a public sector accounting system, what is the primary purpose of the 'Ledger Account'?

A. To record all financial transactions of the organization

B. To prepare the final accounts of the organization

Correct Answer C. To provide a permanent record of all financial transactions

D. To prepare the budget of the organization

Correct Answer

Correct Option:

To provide a permanent record of all financial transactions

This is Post Utme Abu 2020 Accounting Question 1. It is one of the objective questions from the 2020 Post Utme Abu Accounting examination.

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