The book that is used to record transactions in a double-entry accounting system is the:
A) journal.
B) ledger.
C) profit and loss book.
D) subsidiary book.
Correct Answer:
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Q12: List five examples of errors that would
Q13: A book of original entry, used to
Q14: A listing of all open accounts with
Q15: The process of transferring revenue and expense
Q16: In double-entry accounting, transactions are journalised and
Q18: Recording a payment for utilities as a
Q19: Which of the following is correct for
Q20: Your ledger accounts have the following
Q21: After adjustments are completed, the next step
Q22: After closing off the accounts, which of
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