Download App

Recording of Transactions - 2 — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountRecording of Transactions - 21 Mark
Question
What is a Journal?
✓

Answer

Journal is a primary book of account in which transactions are first recorded in a chronological order.

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 - 2→Recording of Transactions - 2 — all question types→Account STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

What are the disadvantages of Accrual Basis of Accounting? (Two Points)
→
Name two items which are written in plus column while starting with Overdraft balance of Pass Book.
→
If the capital of a business is ₹ 3,00,000 and liabilities are ₹ 50,000, loss ₹ 70,000, calculate the total assets of the business.
→
What is meant by Capital Reserve?
→
Explain the following term:
Revenue.
→
What is going concern concept?
→
Cheques issued but not presented for payment are recorded or not recorded in an amended cash book? Give reason for your answer.
→
Name the process of transferring entries from a Journal to their respective accounts in the Ledger.
→
How is profit or loss of a particular period is ascertained?
→
What is meant by a Journal?
→