Post Utme Unilag 2024 Accounting Question 11

Practice objective / multiple choice question 11 from the 2024 Post Utme Unilag Accounting examination.

Post Utme Unilag 2024 Accounting Objective / Multiple Choice

Question 11 POST_UTME_UNILAG • 2024 • ACCOUNTING • objective

In a public sector accounting system, what is the primary purpose of the 'Chart of Accounts'?

Answer Options

Correct Answer A. To provide a detailed description of the organization's financial activities

B. To facilitate the preparation of financial statements

C. To enable the identification of assets, liabilities, and equity

D. To provide a framework for budgeting and forecasting

Correct Answer

Correct Option:

To provide a detailed description of the organization's financial activities

About This Question

This is Post Utme Unilag 2024 Accounting Question 11. It is one of the objective questions from the 2024 Post Utme Unilag Accounting examination.

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