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प्रश्न
Ledger is also called the ______.
विकल्प
Journal book
Principal book
Account book
Subsidiary book
उत्तर
Ledger is also called the Principal book.
Explanation:
The ledger is an essential component of the accounting system as it serves as the ultimate repository for all transactions, consolidating the initial recordings made in journals or subsidiary books. It encompasses all the accounts where all business transactions are categorised and documented.
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संबंधित प्रश्न
Financial position of a business is ascertained on the basis of ___________.
What are the steps involved in the process of accounting?
The accounting cycle consists of ______.
It refers to a complete sequence of accounting activities.
The first step in accounting cycle is ______.
Accounting cycle ends with the ______.
What is accounting cycle?
Every transaction has four effects on accounting records. Give two reasons either for or against.
State four stages of Accounting cycle.
Explain the accounting cycle.
