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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

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B

Journal

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C

Purchases returns books

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D

Sales book

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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.

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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 __________.

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