Post Utme Crawford University 2019 Accounting Question 21

Practice objective / multiple choice question 21 from the 2019 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2019 Accounting Objective / Multiple Choice
Question 21 POST_UTME_CRAWFORD_UNIVERSITY • 2019 • ACCOUNTING • objective

A company uses the cash book to record all its financial transactions. The cash book is a journal that contains all the cash transactions of the company. What is the main advantage of using a cash book?

Answer Options

Correct Answer A. It helps to reduce the amount of cash transactions that need to be recorded.
B. It helps to increase the accuracy of financial statements.
C. It helps to reduce the amount of time spent on recording financial transactions.
D. It helps to increase the amount of cash available for business operations.
Correct Answer
A
Correct Option:
It helps to reduce the amount of cash transactions that need to be recorded.

About This Question

This is Post Utme Crawford University 2019 Accounting Question 21. It is one of the objective questions from the 2019 Post Utme Crawford University Accounting examination.

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