Post Utme Rsu 2018 Accounting Question 37

Practice objective / multiple choice question 37 from the 2018 Post Utme Rsu Accounting examination.

Post Utme Rsu 2018 Accounting Objective / Multiple Choice
Question 37 POST_UTME_RSU • 2018 • ACCOUNTING • objective
Post Utme Rsu 2018 Accounting Question 37 diagram

A company uses a self-balancing ledger to record its transactions. The ledger has the following accounts: Cash, Accounts Receivable, Sales, and Cost of Goods Sold. What is the purpose of the self-balancing ledger?

Answer Options

A. To record transactions in a chronological order
Correct Answer B. To ensure that the ledger is always in balance
C. To simplify the recording process
D. To reduce the number of accounts
Correct Answer
B
Correct Option:
To ensure that the ledger is always in balance

About This Question

This is Post Utme Rsu 2018 Accounting Question 37. It is one of the objective questions from the 2018 Post Utme Rsu Accounting examination.

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