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.
Erroneous rearrangement of financial figures such as writing N624 as N264 is called ...
Which of the following are on the bank statement before reconciliation? i. standing order&nbs...
Given: Calculate the surplus income. ...
The two fundamental books of accounting are ...
How much selling and distribution expenses is apportioned to department M? ...
The balance of the sales account is transferred to the trading account by ...
\(\begin{array}{c|c} & N \\ \hline \text{Stock Jan 1} & 2600 \\ \hline \text{Purchases} & 4000 \\...