Question

________ is concerned with the recording process of accounting.

• A. Ledger
• B. Preparation of profit and loss a/c
• C. Journalising
• D. Balancing and ledger

Answer 1

The correct option is C Journalising

The number and kinds of books of accounts kept by any business depends upon its particular need. But there are two major books which must invariably be maintained by every business i.e. journal and ledger. Every transaction is first recorded in the journal which is considered as subsidiary books of account. Journal merely helps the posting of entries in to ledger, that's why it is called as subsidiary books of account.