Post Utme Wellspring University 2017 Accounting Question 22

Practice objective / multiple choice question 22 from the 2017 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2017 Accounting Objective / Multiple Choice
Question 22 POST_UTME_WELLSPRING_UNIVERSITY • 2017 • ACCOUNTING • objective

A company uses the cash book to record its transactions. What is the primary advantage of using the cash book?

Answer Options

Correct Answer A. It provides a complete record of all transactions
B. It facilitates the preparation of financial statements
C. It helps to identify and correct errors
D. It reduces the need for bank reconciliations
Correct Answer
A
Correct Option:
It provides a complete record of all transactions

About This Question

This is Post Utme Wellspring University 2017 Accounting Question 22. It is one of the objective questions from the 2017 Post Utme Wellspring University Accounting examination.

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