Accounting JAMB

The process of bookkeeping includes records produced from?

A. ledgers
B. source documents
C. minutes of meeting
D. intuitive reasoning

Correct Answer:

Option A – ledgers

Explanation

Bookkeeping is the recording of financial transactions in which all of the financial transactions of the business (consisting of income and expenses) are entered into a database. It uses records recorded in the ledger.
Ledgers is a book or other collection of financial accounts.

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