Question on: JAMB Accounting - 2022
The simplest form of single entry procedure consists of keeping a ___?
A
day book or general journal
B
cash book and ledger accounts showing debtors and creditors balances
C
cash journal, sales journal and purchases journal
D
day book in which transactions are described in chronological order
Ask EduPadi AI for a detailed answer
Correct Option: D
The simplest form of single-entry procedure consists of keeping a 'day book' in which transactions are described in chronological order. Therefore, the correct option is 'day book in which transactions are described in chronological order.'
Add your answer
Please share this, thanks!
No responses