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JAMB Principles of Accounts 2003 Question 11

Question 11

Introduction to Accounting

The recording phase of accounting is known as

  1. A.bookkeeping
  2. B.trial balancing
  3. C.ledger accounting
  4. D.final accounting
Show the answer and explanation

Answer: A (bookkeeping)

Explanation

Bookkeeping is the recording part of accounting; accounting goes on to summarise and interpret the records.