Which of the following statement is true about jounal?

Journal is a book of accounts in which all day to day business transactions are recorded in a chronological order.

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It is called as Book of original entry

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It is the book in which transactions are recorded for the first time.

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All the above

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Solution

The correct option is D
All the above

All the above are true about journal.

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Transactions that a business doesn`t record in any of the special journals are recorded in which of the following journals/ day books?

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