Post Utme Afe Babalola University 2023 Accounting Question 25

Practice objective / multiple choice question 25 from the 2023 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2023 Accounting Objective / Multiple Choice
Question 25 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2023 • ACCOUNTING • objective

A company uses the self-balancing ledger system. What is the purpose of the self-balancing ledger?

Answer Options

A. To record all transactions of the company.
B. To record only cash transactions of the company.
C. To record only credit transactions of the company.
Correct Answer D. To ensure that the ledger accounts are always balanced.
Correct Answer
D
Correct Option:
To ensure that the ledger accounts are always balanced.

About This Question

This is Post Utme Afe Babalola University 2023 Accounting Question 25. It is one of the objective questions from the 2023 Post Utme Afe Babalola University Accounting examination.

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