Principles Of Accounting

S S ACCOUNTING 1. The term “accounting period” is used to refer to the A. time span during which taxes are paid to the inland revenue board B. budget period, usually one year, relied on by the accountant C. time span, usually one year, covered by financial statement D. period within which debtors are expected

Question The three column cash book is one of the subsidiary books of account used to record cash and bank transactions in addition to _______________Answer Discounts received and discount allowed Question An invoice is used to prepare the ________ Answer Sales day book Question The documents that are exchanged between buyers and sellers which are