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State whether the following statement is True or False with reasons: Journal is a book of secondary entry. - Book Keeping and Accountancy

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Question

State whether the following statement is True or False with reasons:

Journal is a book of secondary entry.

Options

  • True

  • False

MCQ
True or False

Solution

This statement is False.
All the business transactions are recorded in the journal in chronological order of their occurrence. therefore journal is known as the book of original entry or primary entry.
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Journal Proper
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Chapter 5: Subsidiary Books - Exercises [Page 170]

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