passwella.
Menu

WAEC Financial Accounting 2026 Question 19

Question 19

Double Entry and the Ledger

Double entry posting implies that a transaction is recorded

  1. A.in the journal and in the ledger.
  2. B.in two ledger accounts.
  3. C.twice in a particular ledger account.
  4. D.at twice its value
Show the answer and explanation

Answer: B (in two ledger accounts.)

Explanation

Every transaction has a debit in one ledger account and a credit in another.