Post Utme Esut 2017 Accounting Question 28

Practice objective / multiple choice question 28 from the 2017 Post Utme Esut Accounting examination.

Post Utme Esut 2017 Accounting Objective / Multiple Choice
Question 28 POST_UTME_ESUT • 2017 • ACCOUNTING • objective

A company uses the Double Entry System of Accounting. What is the purpose of the Ledger Account?

Answer Options

A. To record all the transactions of the company
Correct Answer B. To record the assets, liabilities, and equity of the company
C. To record the revenues and expenses of the company
D. To record the cash and bank transactions of the company
Correct Answer
B
Correct Option:
To record the assets, liabilities, and equity of the company

About This Question

This is Post Utme Esut 2017 Accounting Question 28. It is one of the objective questions from the 2017 Post Utme Esut Accounting examination.

View More Post Utme Esut 2017 Accounting Questions More Post Utme Esut 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