Download App

P1 C8 Journal Proper — Account STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceAccountP1 C8 Journal Proper1 Mark
Question
Why transactions of bills are recorded in the journal proper?
✓

Answer

Generally traders do not keep subsidiary books for recording transactions of bills. In such a situation, transaction of bills are recorded in the journal proper.

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 C8 Journal Proper→P1 C8 Journal Proper — all question types→Account STD 11 Commerce question papers→Gujarat Board STD 11 Commerce question papers→Gujarat Board question paper generator→

Similar questions

What is the bad debt for business?
→
At the end of the year, indirect expenses accounts are transferred to which account?
→
State types of economic transactions.
→
Give the examples of non cash transactions.
→
Under which method annual amount of depreciation reduces every year?
→
Under which method of depreciation, amount of depreciation changes every year?
→
State the meaning of Debit balance.
→
Are the Accounting Standards rigid or not?
→
Why errors of principle do not affect the trial balance?
→
Which method is popular for preparation of trial balance?
→