Post Utme Redeemers University 2018 Accounting Question 28

Practice objective / multiple choice question 28 from the 2018 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2018 Accounting Objective / Multiple Choice
Question 28 POST_UTME_REDEEMERS_UNIVERSITY • 2018 • ACCOUNTING • objective

A company uses the self-balancing ledger system. What is the primary advantage of this system?

Answer Options

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

About This Question

This is Post Utme Redeemers University 2018 Accounting Question 28. It is one of the objective questions from the 2018 Post Utme Redeemers University Accounting examination.

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