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Preparation of Statement of Profit and Loss

is a book of ...

Question

_____ is a book of account; in which all types of accounts relating to assets, liabilities, capital, expenses and revenues are maintained.

A

Ledger

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B

Journal

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C

Primary entry book

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D

None of above

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Solution

The correct option is A Ledger
A ledger is a book of account; in which all types of accounts relating to assets, liabilities, capital, expenses and revenues are maintained.

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