Which book of prime entry is part of the double entry system? 1. Cash book 2. Petty
Question:
Which book of prime entry is part of the double entry system?
1. Cash book
2. Petty cash book
3. Purchases journal
4. Sales journal
A. 1 only
B. 1 and 2
C. 3 and 4.
D. 1, 2, 3 and 4
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Solution The correct option is B 1 and 2 Explanation ...View the full answer
Related Book For
Cambridge IGCSE And O Level Accounting Coursebook
ISBN: 9781316502778
2nd Edition
Authors: Catherine Coucom
Question Posted:
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A brief biography of Luca Pacioli, the inventor of double entry accounting, is shown in this video. He worked in Venice, Milan, and many other European towns before succeeding as a mathematical genius.
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