WAEC Financial Accounting 2012 Question 6

Question 6

Books of Original Entry

Which of the following is a book of original entry?

  1. A.Ledger
  2. B.Balance sheet
  3. C.Bank statement
  4. D.Sales journal
Show the answer and explanation

Answer: D (Sales journal)

Explanation

Transactions are first recorded in books of original entry such as the sales journal, then posted to the ledger.