Q96
Which of the following shows daily balance for a selected voucher type
A.
Day book
AnswerB.
Trial Balance
C.
Balance Sheet
D.
None of the above
Answer: Option A
Solution
Answer: Option A
Solution:
The Day Book lists all transactions made in a particular day and by default displays the last voucher entry date of a regular voucher. It could also be set up to list all the transactions made over a certain period. Transactions include all financial vouchers, reversing and memorandum journals as well as inventory vouchers.