Which of the following statement appropriately describe the term prime books

Which of the following statement appropriately describe the term prime books

  1. A prime book is a note where business transactions are recorded
  2. A prime book is an acknowledgement that a business transaction has occurred and has to be recorded in the source document first
  3. A prime book is a document where credit transactions are recorded in
  4. A prime book is a document where information from the source is transferred to before it is posted in to the respective ledger account

 

ANSWER IS

           (4)