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JAMB Principles of Accounts 2010 Question 7

Question 7

Source Documents

The major feature of an invoice is that, it

  1. A.passes information through the sales day book
  2. B.has cash and bank column
  3. C.specifies the particulars of goods bought
  4. D.indicates only the cash sales.
Show the answer and explanation

Answer: C (specifies the particulars of goods bought)

Explanation

An invoice lists the goods sold on credit: quantity, description, price and total.