Post Utme Noun 2018 Accounting Question 24

Practice objective / multiple choice question 24 from the 2018 Post Utme Noun Accounting examination.

Post Utme Noun 2018 Accounting Objective / Multiple Choice
Question 24 POST_UTME_NOUN • 2018 • ACCOUNTING • objective

What is the primary difference between a 'ledger' and a 'journal' in accounting?

Answer Options

Correct Answer A. A ledger is a permanent record, while a journal is a temporary record
B. A ledger is a temporary record, while a journal is a permanent record
C. A ledger is used for cash transactions, while a journal is used for non-cash transactions
D. A ledger is used for non-cash transactions, while a journal is used for cash transactions
Correct Answer
A
Correct Option:
A ledger is a permanent record, while a journal is a temporary record

About This Question

This is Post Utme Noun 2018 Accounting Question 24. It is one of the objective questions from the 2018 Post Utme Noun Accounting examination.

View More Post Utme Noun 2018 Accounting Questions More Post Utme Noun 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