Post Utme Wellspring University 2019 Accounting Question 14

Practice objective / multiple choice question 14 from the 2019 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2019 Accounting Objective / Multiple Choice
Question 14 POST_UTME_WELLSPRING_UNIVERSITY • 2019 • ACCOUNTING • objective

A company uses the single-entry system of accounting. Which of the following is a limitation of this system?

Answer Options

Correct Answer A. It is difficult to prepare a trial balance.
B. It is difficult to prepare a balance sheet.
C. It is difficult to prepare a profit and loss account.
D. It is difficult to prepare a cash flow statement.
Correct Answer
A
Correct Option:
It is difficult to prepare a trial balance.

About This Question

This is Post Utme Wellspring University 2019 Accounting Question 14. It is one of the objective questions from the 2019 Post Utme Wellspring University Accounting examination.

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