JAMB - Accounts Principles Of Accounts (2015 - No. 2)

An entry in a subsidiary book which does not form part of the double entry system is a

contra entry

single entry

journal entry

memorandum entry

Explanation

A memorandum entry is not a complete journal entry because it does not contain debit and credit amounts e.g. stock split which does not affect the common stock account.

JAMB - Accounts Principles Of Accounts (2015 - No. 2)

Explanation

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