Post Utme Redeemers University 2018 Accounting Question 25

Practice objective / multiple choice question 25 from the 2018 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2018 Accounting Objective / Multiple Choice
Question 25 POST_UTME_REDEEMERS_UNIVERSITY • 2018 • ACCOUNTING • objective

In a single-entry system, a business records its transactions by debiting or crediting a single account. What is the primary advantage of this system?

Answer Options

Correct Answer A. Simplifies accounting processes
B. Increases accuracy of financial statements
C. Reduces the need for ledger accounts
D. Enhances internal control
Correct Answer
A
Correct Option:
Simplifies accounting processes

About This Question

This is Post Utme Redeemers University 2018 Accounting Question 25. It is one of the objective questions from the 2018 Post Utme Redeemers University Accounting examination.

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