Which of the following should be the first action when making a prime entry for a transaction?
Question:
Which of the following should be the first action when making a prime entry for a transaction?
(a) Enter the transaction in the appropriate book of prime entry
(b) Decide on the ledger account to be debited and the one to be credited
(c) Post the transactions to the appropriate ledger accounts
(d) Study the voucher to identify the nature of the transaction
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Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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