NECO Book Keeping 2015 Objective — Question 3

Question 3 of 40 from the National Examinations Council (NECO) Book Keeping 2015 Objective paper, with the correct answer and a full explanation.

A ledger is a

A. book of original entry
B. list of balances
C. principal book of accountCorrect
D. double entry posting

Explanation

The ledger is the principal book of accounts where all transactions are posted in a classified manner after being recorded in journals (books of original entry).

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