MCQS of Ledger Chapter class 11 with answers for CBSE, ISC and State Boards The book in which all the accounts are opened, is called: (a) Journal(b) Cash Book(c) Ledger(d) Subsidiary Book Show Answer Ans:- (c) Posting of transaction means:…
Assertion Reason MCQS of Journal Chapter class 11 with answers for CBSE, ISC and State Boards Assertion (A): A Journal entry involving more than two accounts is termed as Compound Journal Entry. Reason (R): Journal entry involving two accounts is…
MCQS of Journal Chapter class 11 with answers for CBSE, ISC and State Boards When the number of accounts to be debited or credited is nore than one, entry made for recording the transaction is called __ journal entry. (a)…
Assertion Reason MCQ of Process and Basis of Accounting Class 11 with answers for CBSE, ISC and State Boards Assertion (A): First step in the accounting process is the identification of business transactions. Reason (R): Business transactions must be evidenced…
MCQ of Process and Basis of Accounting Class 11 with answers for CBSE, ISC and State Boards In accrual basis of accounting, transactions are recorded that are (a) cash transactions(b) credit transactions(c) Both (a) and (b)(d) Neither (a) nor (b)…
