Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 42 - No. 1)
Which of the following is NOT a key feature of a book of prime entry?
They facilitate the allocation of tasks to different staff.
They help to prevent errors because they are separate books.
They summarize the data for the ledger accounts.
They are used to record transactions in chronological order.
Explanation
Books of prime entry record transactions, not summary data. The ledger accounts, which are derived from the books of prime entry, act as the summary.
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