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JAMB Principles of Accounts 2005 Question 6

Question 6

Trial Balance

What are the appropriate recording procedures for entries in the trial balance?

  1. A.Source documents, ledgers and trial balance
  2. B.Ledgers, trial balance and source documents
  3. C.Ledgers, source documents and trial balance
  4. D.Cash account, ledgers and trial balance
Show the answer and explanation

Answer: A (Source documents, ledgers and trial balance)

Explanation

Transactions start from source documents, are posted to the ledgers, and the ledger balances are then listed in the trial balance.