Post Utme Oau 2021 Accounting Question 1

Practice objective / multiple choice question 1 from the 2021 Post Utme Oau Accounting examination.

Post Utme Oau 2021 Accounting Objective / Multiple Choice

Question 1 POST_UTME_OAU • 2021 • ACCOUNTING • objective

In a public sector accounting system, what is the primary purpose of the 'Chart of Accounts'?

A. To provide a detailed description of the organization's financial activities

B. To facilitate the preparation of financial statements

Correct Answer C. To enable the identification of assets, liabilities, and equity

D. To provide a framework for budgeting and financial planning

Correct Answer

Correct Option:

To enable the identification of assets, liabilities, and equity

This is Post Utme Oau 2021 Accounting Question 1. It is one of the objective questions from the 2021 Post Utme Oau Accounting examination.

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