Question on: WAEC Accounting - 2012
Which of the following is a book of ordinary entry?
A
ledger
B
balance sheet
C
bank statement
D
sales journal
Ask EduPadi AI for a detailed answer
Correct Option: D
Books of original entry refers to the accounting journals in which business transactions are initially recorded. The information in these books is then summarized and posted into a general ledger, from which financial statements are produced.
The main books of prime entry are:
- Sales day book.
- Purchase day book.
- Sales returns day book.
- Purchases returns day book.
- Bank Book.
- Cash Receipts Book.
- Cash Payments Book.
- Petty Cash Receipts Book.
Add your answer
Please share this, thanks!
No responses