Which of the following is not part of the double-entry system?

Accounts - Principles of Accounts

JAMB 2025

A. Profit and Loss Account
B. Appropriation Account
C. Trading Account
D. Balance sheet

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Correct Answer: Option D

Explanation

The balance sheet, also called the statement of financial position, shows a business’s assets, liabilities, and capital. It is a financial statement, not a part of the double-entry bookkeeping process.

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Which of the following is not part of the double-entry system?

Correct Answer: Option D

Explanation

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