Accounting 0452 · IGCSE · Sole traders

Sole traders — practice question

A business has both a book-keeper and an accountant. Which task is carried out by the accountant?

  • Aextracting balances from the ledger accounts to produce a trial balance
  • Bmaking a journal entry to record the credit sale of a non-current asset
  • Cpreparing a monthly report that analyses the profitability of the company
  • Drecording sales and purchases invoices in the books of prime entry

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