Download App

Recording of Transactions - 1 — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountRecording of Transactions - 11 Mark
Question
Give one advantage of Journal.
✓

Answer

As transactions in journal are entered as and when they take place, the possibility of omission of a transaction in the books of account is minimised.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "1 Marks Question" from Recording of Transactions - 1→Recording of Transactions - 1 — all question types→Account STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

Prepare a bank reconciliation statement, taking imaginary figures, starting with the credit balance as per Cash Book.
→
What is an Asset Account?
→
Closing Stock is valued at lower of cost or market value.
→
What is Cash Discount?
→
Prepare an imaginary specimen of a bill of exchange.
→
What is an accounting equation?
→
To record an increase in a Liability Account, it must be credited. Why?
→
What are Compound Journal Entries? Give an example.
→
State the accounts which are not considered while preparing Trial Balance.
→
Define Voucher.
→