Which of the following is a book of ordinary en... - WAEC Accounting 2012 Question
Which of the following is a book of ordinary entry?
A
ledger
B
balance sheet
C
bank statement
D
sales journal
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.
Please share this, thanks:
Add your answer
No responses