Post Utme Crawford University 2019 Accounting Question 23

Practice objective / multiple choice question 23 from the 2019 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2019 Accounting Objective / Multiple Choice

Question 23 POST_UTME_CRAWFORD_UNIVERSITY • 2019 • ACCOUNTING • objective

A company uses a self-balancing ledger to record its financial transactions. What is the main advantage of using a self-balancing ledger?

Answer Options

A. It helps to reduce the amount of time spent on recording financial transactions.

Correct Answer B. It helps to increase the accuracy of financial statements.

C. It helps to reduce the amount of cash transactions that need to be recorded.

D. It helps to increase the amount of cash available for business operations.

Correct Answer

Correct Option:

It helps to increase the accuracy of financial statements.

About This Question

This is Post Utme Crawford University 2019 Accounting Question 23. It is one of the objective questions from the 2019 Post Utme Crawford University Accounting examination.

View More Post Utme Crawford University 2019 Accounting Questions More Post Utme Crawford University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support