Answered: Which among the following is considered…

Which among the following is considered as the book of original entry? a. Trial Balance b. Balance Sheet c. Journal d. Ledger

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter3: The General Journal And The General Ledger

Section: Chapter Questions

Problem 1QY: A __________ is a book in which business transactions are recorded. a. journal b. ledger c. trial...

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Question

Which among the following is considered as the book of original entry? a. Trial Balance b. Balance Sheet c. Journal d. Ledger

Definition Definition Statement that shows the ending balance of all the ledger accounts of a firm at the end of the accounting period. The trial balance is prepared after all the entries have been posted to the ledger accounts and assists in preparing the final accounts of a firm.

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