Document that the payment has been finalized

what is the definition of book of prime entry

A record of business transactions

Quiz

How accounting is recorded?

riona.pike6669 8 questions

Take the quiz

1what is a receipt?
1. AStatement of sum due amount.
2. BA record of sales transaction
3. CDocument that the payment has been finalized
2Does the ledger book contain 3 different categories?
1. ATrue
2. BFalse
3What process isn't used to record financial transactions?
1. ABook of prime entry
2. BCash payment
3. Cjournal
4Can an invoice also be known as a bill?
1. ATrue
2. BFalse
5The petty cash book is used to record any amount of cash.
1. ATrue
2. BFalse
6which one isn't part of the ledgers book?
1. AThe cashbook
2. BCreditors
3. Cgeneral/normal
7what is the definition of book of prime entry
1. AMoney owed by customers
2. BInvoices from suppliers
3. CA record of business transactions
8Is accounting information recorded by ledgers book?
1. ATrue
2. BFalse