Download App

P1 C4 Joumal — Account STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceAccountP1 C4 Joumal1 Mark
Question
Why goods account is not maintained in the business?
✓

Answer

Goods account is not maintained in the business because from this account, we do not get the information (Idea) about purchases, sales, purchase returns, sales returns, etc.

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 "Answer In One Or Two Sentence .(1 Marks)" from P1 C4 Joumal→P1 C4 Joumal — all question types→Account STD 11 Commerce question papers→Gujarat Board STD 11 Commerce question papers→Gujarat Board question paper generator→

Similar questions

Which $GST$s are applicable for transaction of inter state supply?
→
Mention any two advantages of computerised accounting system.
→
What is one sided error?
→
What is squared up account?
→
Which type of balance creditor’s account has? Why?
→
Which types of subsidiary books are not popular in practice?
→
What is pass book?
→
Out of all the Readymade Accounting Software available in market, which one appears tobe the most popular and widely used accounting software.
→
How many methods are used for preparation of trial balance? Which are those?
→
Trial balance tallies if arithmetical accuracy in ensured.
→