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Accounting Procedures Rules of Debit and Credit — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountAccounting Procedures Rules of Debit and Credit1 Mark
Question
What is the objective of preparing an Account?
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Answer

The objective of preparing an account is to summarise all transactions relating to a particular head in one account. Balance of all the accounts leads to preparation of Trial Balance.

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