CBSE BoardEnglish MediumSTD 11 CommerceAccountRecording of Transactions - 11 Mark
MCQ
The second important stage in the accounting process is______.
A
Journal
✓
Ledger
C
Account
D
Subsidiary books
✓
Answer
Correct option: B.
Ledger
The book of original entry or prime entry is journal in which all day to day transactions are recorded.
All the transactions from journal are posted to ledger which consists of different accounts on the basis of transactions recorded in journal.
Hence, it is regarded as the second important stage in the accounting process.
Need a full question paper?
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.