Post Utme Uniport 2020 Accounting Question 35

Practice objective / multiple choice question 35 from the 2020 Post Utme Uniport Accounting examination.

Post Utme Uniport 2020 Accounting Objective / Multiple Choice

Question 35 POST_UTME_UNIPORT • 2020 • ACCOUNTING • objective

A company uses the double-entry system to record its financial transactions. Which of the following is a characteristic of the double-entry system?

Answer Options

Correct Answer A. It records each transaction twice.

B. It records each transaction once.

C. It records all transactions in a single ledger.

D. It records all transactions in a single journal.

Correct Answer

Correct Option:

It records each transaction twice.

About This Question

This is Post Utme Uniport 2020 Accounting Question 35. It is one of the objective questions from the 2020 Post Utme Uniport Accounting examination.

View More Post Utme Uniport 2020 Accounting Questions More Post Utme Uniport 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