Question
Accountancy Question on Basics of Accounting
As per the double entry system. the correct sequence of accounting of financial transaction in the books of owner is :
.A.Profit and loss account and balance sheet.
B. Trial balance
C. Ledger
D. Journal Entry
E. Memorandum book.
Choose the cornet answer from the options given below :
A
A, D, E, C, B
B
E, D, C, B, A
C
D, E, C, B, A
D
E, C, D, B, A
Answer
E, D, C, B, A
Explanation
Solution
The correct answer is (B) : E, D, C, B, A.