Discussion
A journal is a book of : (Choose the most appropriate option from below)
Answer: A
A journal is a book of original entry.
Transactions are first recorded in the journal in date order, with the accounts to be debited and credited. They are then posted from the journal to the ledger, which is why the ledger is called the principal book or book of final entry.
'Secondary entry' is the opposite of the journal's role. The cash book records cash transactions and the petty cash book small day-to-day expenses; these are subsidiary books, and the journal is not limited to either kind of transaction.
No comment is present. Be the first to comment.
Loading…
Post your comment
Please log in or register to post a comment.
Examination Categories
- SSC Exams
- Banking Exams
- Teaching Exams
- Civil Services Exams
- Railways Exams
- Engineering Recruitment Exams
- Defence Exams
- State Government Exams
- Police Exams
- Insurance Exams
- Nursing Exams
- Other Government Exams
- NRA CET
- PG Entrance Exams
- Campus Placement
- MBA Entrance Exams
- CUET and UG Entrance
- Judiciary Exams
- Regulatory Body Exams
- Software Development