Post Utme Crawford University 2019 Accounting Question 29

Practice objective / multiple choice question 29 from the 2019 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2019 Accounting Objective / Multiple Choice

Question 29 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

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

N/A

About This Question

This is Post Utme Crawford University 2019 Accounting Question 29. 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