A statement in a double-entry system in which are recorded all the transactions of one specific class, which takes place during the period is called

  • A Double entry system
  • B Ledger
  • C Cash Book
  • D Petty Cash Book
jamb 2019accounting

The correct answer is B. Ledger

A ledger is a separate record within the general ledger that is assigned to a specific asset, liability, equity item, revenue type, or expense type. Examples of ledger accounts are: Cash, Accounts receivable.

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