JAMB - Accounts Principles Of Accounts (2019 - No. 3)
A statement in a double-entry system in which are recorded all the transactions of one specific class, which takes place during the period is called
Double entry system
Ledger
Cash Book
Petty Cash Book
Explanation
A ledger is a separate record within the general ledger that is assigned to a specific asset, liability, equity item, revenue type, or expense type. Examples of ledger accounts are: Cash, Accounts receivable.
Comments (0)
