Which of the following statements is correct? a. Transactions are recorded in appropriate ledger accounts b. Transactions are posted before they are journalised c. A trial balance... Which of the following statements is correct? a. Transactions are recorded in appropriate ledger accounts b. Transactions are posted before they are journalised c. A trial balance is prepared after journal entries get posted d. Both a and c are correct.
Understand the Problem
The question seems to involve accounting processes, likely asking which statements about the recording of transactions and trial balances are correct or not.
Answer
d. Both a and c are correct.
The final answer is d. Both a and c are correct.
Answer for screen readers
The final answer is d. Both a and c are correct.
More Information
In accounting, transactions are first journalized, then posted to ledger accounts. A trial balance is prepared after posting, verifying that sums of debits and credits are equal.
Tips
A common mistake is misunderstanding the order of steps in the accounting cycle. Ensure journalizing happens before posting.
Sources
- MCQs on Bookkeeping and Accountancy - BYJU'S - byjus.com
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