passwella.
Menu

WAEC Financial Accounting 2021 Question 30

Question 30

Books of Original Entry

Subsidiary books of account are used to record transactions,

  1. A.made in the same period.
  2. B.of a similar nature.
  3. C.involving minor amounts.
  4. D.without source documents.
Show the answer and explanation

Answer: B (of a similar nature.)

Explanation

Each subsidiary book collects one kind of transaction, e.g. credit sales or credit purchases.