WAEC Accounting 2021 Objective — Question 1
Question 1 of 50 from the West African Examinations Council (WAEC) Accounting 2021 Objective paper, with the correct answer and a full explanation.
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The original record containing the details of a transaction which serves as a basis for posting is a
- A. general ledger
- B. Source documentCorrect
- C. subsidiary book
- D. trial balance
Explanation
Source documents are the books of original entry in which all transactions are first recorded before being posted into various accounts.
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