Post Utme Bowen University 2023 Accounting Question 19

Practice objective / multiple choice question 19 from the 2023 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2023 Accounting Objective / Multiple Choice
Question 19 POST_UTME_BOWEN_UNIVERSITY • 2023 • ACCOUNTING • objective

A company uses the double-entry system of accounting. What is the purpose of the 'Debit' and 'Credit' columns?

Answer Options

Correct Answer A. To record the increase in assets and decrease in liabilities
B. To record the decrease in assets and increase in liabilities
C. To record the increase in liabilities and decrease in assets
D. To record the decrease in liabilities and increase in assets
Correct Answer
A
Correct Option:
To record the increase in assets and decrease in liabilities

About This Question

This is Post Utme Bowen University 2023 Accounting Question 19. It is one of the objective questions from the 2023 Post Utme Bowen University Accounting examination.

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