Post Utme Crawford University 2019 Accounting Question 25

Practice objective / multiple choice question 25 from the 2019 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2019 Accounting Objective / Multiple Choice
Question 25 POST_UTME_CRAWFORD_UNIVERSITY • 2019 • ACCOUNTING • objective

A company uses the double entry system to record its financial transactions. What is the main advantage of using the double entry system?

Answer Options

Correct Answer A. It helps to increase the accuracy of financial statements.
B. It helps to reduce the amount of time spent on recording financial transactions.
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
A
Correct Option:
It helps to increase the accuracy of financial statements.

About This Question

This is Post Utme Crawford University 2019 Accounting Question 25. It is one of the objective questions from the 2019 Post Utme Crawford University Accounting examination.

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