Post Utme Wellspring University 2017 Accounting Question 19

Practice objective / multiple choice question 19 from the 2017 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2017 Accounting Objective / Multiple Choice
Question 19 POST_UTME_WELLSPRING_UNIVERSITY • 2017 • ACCOUNTING • objective

A company uses a self-balancing ledger to record its transactions. The ledger shows a balance of ₦ 20,000. What is the purpose of the self-balancing ledger?

Answer Options

A. To record transactions in a chronological order
B. To record transactions in a classified order
Correct Answer C. To ensure that the ledger is self-balancing
D. To prepare a trial balance
Correct Answer
C
Correct Option:
To ensure that the ledger is self-balancing

About This Question

This is Post Utme Wellspring University 2017 Accounting Question 19. It is one of the objective questions from the 2017 Post Utme Wellspring University Accounting examination.

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