Post Utme Skyline University 2023 Accounting Question 14

Practice objective / multiple choice question 14 from the 2023 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2023 Accounting Objective / Multiple Choice
Question 14 POST_UTME_SKYLINE_UNIVERSITY • 2023 • ACCOUNTING • objective

A company uses a double-entry system, where every transaction is recorded in two or more accounts. What is the purpose of this system?

Answer Options

Correct Answer A. To ensure accuracy and completeness of financial records
B. To simplify financial reporting
C. To reduce the number of accounts
D. To increase the number of accounts
Correct Answer
A
Correct Option:
To ensure accuracy and completeness of financial records

About This Question

This is Post Utme Skyline University 2023 Accounting Question 14. It is one of the objective questions from the 2023 Post Utme Skyline University Accounting examination.

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