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Ledger Records Transaction in a/an
The process of recording business transaction in the journal is called
A Ledger is a book in which
Only Real Accounts are Opened
Only Nominal Accounts are Opened
Only Personal & Cash Accounts are Opened
All Real, Nominal and Personal Accounts are Opened
Book-keeping is mainly concerned with:
None of the above
Interpreting the recorded data
Recording classifying and summarizing the recorded data
Recording of business transactions
The first successful step of Double Entry System is
All the transactions recorded to credit sales are recorded in:
Sale return book
Record of business transaction in the journal is called
In case of a debt becoming bad, the amount should be credited to
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