Date, narration, folio, debit, and purchases
Date, narration, folio, debit and purchase
Folio, credit, date, debit and sales
Debit, credit, narration, and date
Correct answer is D
The general ledger contains the date of the transaction, a description of the details of the transactions, the debit column that shows all the debit entries, the credit column that records all the credit entries of the account.
Hence we have; date, description, debit, and credit column
Four column
Three column
Single column
Two column
Correct answer is C
No explanation has been provided for this answer.
A source document that aids the ascertainment of amount paid out of current account is the?
Teller
Cheque stub
Cheque
Teller stub
Correct answer is B
No explanation has been provided for this answer.
Which of the following is an example of intangible assets?
Trade debtors
Stock of goods
Trade creditors
Motor vehicles
Correct answer is A
No explanation has been provided for this answer.
The main objective of bookkeeping is to record economic?
Transactions systematically for routine managerial decision-making
Events clearly to ensure adequate checks and balances
Events clearly to facilitate strategic managerial desicion-making
Transaction systematically to ascertain the financial position of a business
Correct answer is D
No explanation has been provided for this answer.