In an account prepared under Double entry system ____ prefix suggest that the concerned account is credited.
A
to
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B
by
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C
balance cd
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D
balance bd
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Solution
The correct option is A to Posting is a process of transferring debit and credit aspects of the entries appearing in the journal and other books of original entry to the and credit sides of the relevant accounts in the ledger. Posting are made using the word "To" and "By" as a prefix. For debit side entry "To" prefix is used and for credit side "By" prefix is used.