Post Utme Futa 2020 Accounting Question 23

Practice objective / multiple choice question 23 from the 2020 Post Utme Futa Accounting examination.

Post Utme Futa 2020 Accounting Objective / Multiple Choice

Question 23 POST_UTME_FUTA • 2020 • ACCOUNTING • objective

In a public sector accounting system, what is the primary purpose of the 'Object of Account' column in the Ledger Account?

A. To record the source of the transaction

Correct Answer B. To identify the account to be debited or credited

C. To specify the nature of the transaction

D. To indicate the date of the transaction

Correct Answer

Correct Option:

To identify the account to be debited or credited

This is Post Utme Futa 2020 Accounting Question 23. It is one of the objective questions from the 2020 Post Utme Futa Accounting examination.

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