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Introduction to Accounting — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountIntroduction to Accounting1 Mark
MCQ
Systematically writing down the transactions and events in account books soon after their occurrence is known as _________.
  • A
    Classifying
  • ✓
    Recording
  • C
    Summarizing
  • D
    Numbering
✓

Answer

Correct option: B.
Recording
The recording is a function of bookkeeping. All the business transaction which are of monetary value need to be recorded in the books of account in a chronological manner soon after its occurrence.
Generally, these transactions are recorded in the journal or subsidiary books

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