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.
Club building 400,000 Subscription prepaid 3,000 Sport kits 150,000 Bar creditors 85,000 Subscri...
Total production cost- #360,000 Factory overhead cost- #56,000 Selling price per unit- #120 Produ...
The price paid for the purchase of for the purchase of a business is ...
In a control account, discount received is found on the ...
N Direct material used-----------------64,000 Direct labour------------...
Use the following to answer the given question \(\begin{array}{c|c} & N \\ \hline \text{Sto...