Question on: JAMB Accounting - 2015
An entry in a subsidiary book which does not form part of the double entry system is a
A
contra entry
B
single entry
C
journal entry
D
memorandum entry
Ask EduPadi AI for a detailed answer
Correct Option: D
A memorandum entry is not a complete journal entry because it does not contain debit and credit amounts e.g. stock split which does not affect the common stock account.
Add your answer
Please share this, thanks!
No responses