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WAEC 2017 Book Keeping Theory and Obj Answers
|WAEC 2017 Book Keeping Theory and Obj Answers by Editor: 12:00 am On May 1, 2017|
WAEC 2017 BookKeeping Theory and Obj Answers
1a) payment voucher: A document which can be used as proof that a monetary transaction has occurred between two parties. In business, a payment voucher can be used for a variety of purposes, sometimes taking the place of cash in a transaction, acting as a receipt, or indicating that an invoice has been approved for payment.
2a)Commerical account usually refers to a checking or other type of demand deposit account.
3a)Trial balance is defined as a statement of all debits and credits in a double-entry account book, with any disagreement indicating an error.
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