Post Utme Madonna University 2020 Accounting Question 30

Practice objective / multiple choice question 30 from the 2020 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2020 Accounting Objective / Multiple Choice
Question 30 POST_UTME_MADONNA_UNIVERSITY • 2020 • ACCOUNTING • objective

A company uses a self-balancing ledger to record its transactions. The following accounts are listed: Cash, Bank, Accounts Payable, and Accounts Receivable. What is the purpose of the self-balancing ledger?

Answer Options

A. To record transactions
Correct Answer B. To balance the accounts
C. To prepare the trial balance
D. To prepare the final accounts
Correct Answer
B
Correct Option:
To balance the accounts

About This Question

This is Post Utme Madonna University 2020 Accounting Question 30. It is one of the objective questions from the 2020 Post Utme Madonna University Accounting examination.

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