Question on: JAMB Accounting - 2019
A statement in a double entry system in which are recorded all the transactions of one specific class, which takes place during the period is called
A
Double entry system
B
Ledger
C
Cash Book
D
Petty Cash Book
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Correct Option: B
Ledger also refers to a separate record within the general ledger that is assigned to a specific asset, liability, equity item, revenue type, or expense type. Here are examples of ledger accounts are: Cash, Accounts receivable, etc
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