Post Utme Skyline University 2023 Accounting Question 15

Practice objective / multiple choice question 15 from the 2023 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2023 Accounting Objective / Multiple Choice

Question 15 POST_UTME_SKYLINE_UNIVERSITY • 2023 • ACCOUNTING • objective

A company uses a self-balancing ledger, where every debit is matched by a corresponding credit. What is the purpose of this ledger?

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

Correct Option:

To ensure accuracy and completeness of financial records

About This Question

This is Post Utme Skyline University 2023 Accounting Question 15. It is one of the objective questions from the 2023 Post Utme Skyline University Accounting examination.

View More Post Utme Skyline University 2023 Accounting Questions More Post Utme Skyline University 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