Download App

Recording of Transactions - 1 — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountRecording of Transactions - 11 Mark
Question
Why transactions are recorded on the basis of source documents?
✓

Answer

Source documents ensure the truthfulness of the recorded transactions.

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 - 1→Recording of Transactions - 1 — all question types→Account STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

Depreciation charged on machinery, which accounting voucher will be prepared for it?
→
Mention two transactions which are recorded in Journal Proper.
→
Explain the following terms with example:
  1. Sales.
  2. Cost.
→
What is the rule for Revenue or Income Account?
→
State two errors committed in Cash Book which are considered while preparing Bank Reconciliation Statement.
→
What is a Simple Journal Entry?
→
Which accounting principle states that all anticipated losses should be recorded but all anticipated profits should be ignored?
→
What is meant by Specific Reserve?
→
Why do the transactions are entered in a Journal rather than straight into ledger?
→
Give two advantages of a Journal.
→