Which of the following is a book of ordinary entry?
...Which of the following is a book of ordinary entry?
Ledger
Balance sheet
Bank statement
Sales journal
Correct answer is 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:
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\(\begin{array}{c|c} & N \\ \hline \text{Stock Jan 1} & 2600 \\ \hline \text{Purchases} & 4000 \\...
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