Books of accounts are opened by the use of
...Books of accounts are opened by the use of
Balance sheet
General ledger
General journal
Trial balance
Correct answer is C
Journal is a prime entry into which transactions are entered on a daily basis. The journal is used to correct errors, recording entry transactions etc.
Given: Subscriptions received.........N200,000 Subscriptions owed.............N10,000 Subscript...
Which of the following transaction is BEST recorded in the general journal? ...
Which of the following items is not shown in the Trial Balance ...
Which of the following categories of labour cost will be classified as direct? ...
Cost of raw materials available------ 32,000 Manufacturing wages -----10,000 Factory expenses...
Calls in advance are treated in the balance sheet as______ ...
Given: Returns inwards............N1500 cash.......................N1550 Discount...................