Post Utme Rsu 2018 Accounting Question 39

Practice objective / multiple choice question 39 from the 2018 Post Utme Rsu Accounting examination.

Post Utme Rsu 2018 Accounting Objective / Multiple Choice
Question 39 POST_UTME_RSU • 2018 • ACCOUNTING • objective
Post Utme Rsu 2018 Accounting Question 39 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 39. It is one of the objective questions from the 2018 Post Utme Rsu Accounting examination.

View More Post Utme Rsu 2018 Accounting Questions More Post Utme Rsu Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support