The principal book of account where accounts are classifi...
The principal book of account where accounts are classified and summarized is
Balance sheet
Ledger
Trial balance
Journal
Correct answer is B
The ledger contains permanent records of all the transactions of the business in a classified and summarized form. The entries in the cash book and other original books are posted to the ledgers.
A difference between the debit and credit totals in a trial balance is placed in ...
Which of the following is not an inventory costing method? ...
Suppliers personal accounts are found in the ...
Provision is made in the accounts when the amount involved in the anticipated loss is ...
What are the appropriate recording procedures for entries in the trial balance? ...
Use the following information, \(\begin{array}{c|c} & Le\\ \hline \text{Sales} & 183,400 \\...
Which of the following expenses relate to the profit and loss account of a manufacturing firm? &n...