Post Utme Rhema University 2024 Accounting Question 38

Practice objective / multiple choice question 38 from the 2024 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2024 Accounting Objective / Multiple Choice
Question 38 POST_UTME_RHEMA_UNIVERSITY • 2024 • ACCOUNTING • objective

A company uses a self-balancing ledger to record its transactions. What is the advantage of using a self-balancing ledger?

Answer Options

A. It provides a permanent record of all transactions
B. It helps to identify errors and discrepancies
C. It simplifies the preparation of financial statements
Correct Answer D. It reduces the risk of errors and discrepancies
Correct Answer
D
Correct Option:
It reduces the risk of errors and discrepancies

About This Question

This is Post Utme Rhema University 2024 Accounting Question 38. It is one of the objective questions from the 2024 Post Utme Rhema University Accounting examination.

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