Which of the following represents the MOST appropriate accounting cycle of any nature of a business?
Which of the following represents the MOST appropriate accounting cycle of any nature of a business?
- Source documents, prime books, Balance sheet, ledger accounts, trial balance and trading and profit and loss accounts
- Balance sheet, source documents, prime books, ledger accounts, trial balance and trading and profit and loss accounts
- Balance sheet, prime books, source documents, trial balance, ledger accounts, and trading and profit and loss accounts
- Trading and profit and loss accounts, balance sheet, source documents, prime books, ledger accounts, trial balance
ANSWER IS!
(2)
About the Author - Dr Geoffrey Mbuva(PhD-Finance) is a lecturer of Finance and Accountancy at Kenyatta University, Kenya. He is an enthusiast of teaching and making accounting & research tutorials for his readers.
