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RECORDING OF TRANSACTIONS-II
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NCERT-RECORDING OF TRANSACTIONS-II-TRUE OR FALSE
- Journal is a book of secondary entry.
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- One debit account and more than one credit account in a entry is calle...
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- Assets sold on credit are entered in sales journal.
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- Cash and credit purchases are entered in Purchase Journal.
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- Cash sales are entered in sales journal.
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- Cash book records transactions relating to receipts and payments.
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- Ledger is a subsidiary book .
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- True/False Petty cash book is a book having record of big payments.
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- True/False Cash received is entered on the debit side of cash book.
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- Transaction recorded both on debit and credit side of cash book is kno...
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- Balancing of account means total of debit and credit side.
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- Credit purchase of machine is entered in purchase journal.
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