Post Utme Noun 2018 Accounting Question 11

Practice objective / multiple choice question 11 from the 2018 Post Utme Noun Accounting examination.

Post Utme Noun 2018 Accounting Objective / Multiple Choice
Question 11 POST_UTME_NOUN • 2018 • ACCOUNTING • objective

In a double-entry system, what is the purpose of the debit and credit columns in the ledger account?

Answer Options

A. To record the increase in assets
B. To record the decrease in liabilities
Correct Answer C. To record the increase in liabilities and decrease in assets
D. To record the decrease in assets and increase in liabilities
Correct Answer
C
Correct Option:
To record the increase in liabilities and decrease in assets

About This Question

This is Post Utme Noun 2018 Accounting Question 11. It is one of the objective questions from the 2018 Post Utme Noun Accounting examination.

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