- 1 Marks
FA – Nov 2011 – L1 – SA – Q4 – Recording Financial Transactions
This question asks about the art of recording monetary transactions to ascertain the financial position.
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The first phase of recording financial transactions in the books of accounts is the
A. Preparation of Trial Balance
B. Analysis of financial statements
C. Writing of source documents
D. Drawing of trading account
E. Wooing customers to buy goods
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
The first phase of recording financial transactions in the books of accounts is the
A. Preparation of Trial Balance
B. Analysis of financial statements
C. Writing of source documents
D. Drawing of trading account
E. Wooing customers to buy goods
Find Related Questions by Tags, levels, etc.
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