Post Utme Bsu 2019 Accounting Question 28

Practice objective / multiple choice question 28 from the 2019 Post Utme Bsu Accounting examination.

Post Utme Bsu 2019 Accounting Objective / Multiple Choice
Question 28 POST_UTME_BSU • 2019 • ACCOUNTING • objective

A company uses the single entry system. The following are the transactions for the year ended 31st December 2018.

Answer Options

A. The company's profit is higher than the single entry system.
Correct Answer B. The company's profit is lower than the single entry system.
C. The company's profit is equal to the single entry system.
D. The single entry system is not applicable to this company.
Correct Answer
B
Correct Option:
The company's profit is lower than the single entry system.

About This Question

This is Post Utme Bsu 2019 Accounting Question 28. It is one of the objective questions from the 2019 Post Utme Bsu Accounting examination.

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