Post Utme Esut 2019 Accounting Question 13

Practice objective / multiple choice question 13 from the 2019 Post Utme Esut Accounting examination.

Post Utme Esut 2019 Accounting Objective / Multiple Choice

Question 13 POST_UTME_ESUT • 2019 • ACCOUNTING • objective

A company uses the double-entry system of accounting. What is the purpose of the 'Debit' and 'Credit' columns in the ledger?

A. To record the increase or decrease in assets

Correct Answer B. To record the increase or decrease in liabilities

C. To record the increase or decrease in equity

D. To record the increase or decrease in revenue

Correct Answer

Correct Option:

To record the increase or decrease in liabilities

This is Post Utme Esut 2019 Accounting Question 13. It is one of the objective questions from the 2019 Post Utme Esut Accounting examination.

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