MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Preparing Financial Statements of NPO-II

is the princi...

Question

_________ is the principal book of accounts where similar transactions relating to a particular person or property or revenue or expense are recorded.

A

Ledger

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

B

Journal

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Purchases returns books

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

Sales book

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B Ledger
Ledger is the principal book of accounts where similar transactions relating to a particular person or property or revenue or expense are recorded.

Suggest Corrections

thumbs-up

0

Similar questions

Q. _______ is the principal book of accounts where similar transactions relating to a particular person or property or revenue or expense are recorded.

Q. Ledger is the ____ of accounts where similar transactions relating to a particular person or property or revenue or expense are recorded.

Q. Accounts recording transactions with a person or group of persons are known _____________.

Q. When a transaction has been omitted to be recorded in the books of account completely or partially, the mistake or error is called error of __________.

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

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Accounting Treatment - I

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Preparing Financial Statements of NPO-II

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon