Post Utme Bells University 2021 Accounting Question 29

Practice objective / multiple choice question 29 from the 2021 Post Utme Bells University Accounting examination.

Post Utme Bells University 2021 Accounting Objective / Multiple Choice

Question 29 POST_UTME_BELLS_UNIVERSITY • 2021 • ACCOUNTING • objective

A company uses a self-balancing ledger system. What is the primary advantage of this system?

Answer Options

Correct Answer A. It ensures that the ledger accounts are always balanced.

B. It simplifies the process of preparing financial statements.

C. It reduces the risk of errors in the ledger accounts.

D. It increases the complexity of the ledger accounts.

Correct Answer

Correct Option:

It ensures that the ledger accounts are always balanced.

About This Question

This is Post Utme Bells University 2021 Accounting Question 29. It is one of the objective questions from the 2021 Post Utme Bells University Accounting examination.

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