Maharashtra State BoardHSC Commerce 11th
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State whether the following statement is True or False with reasons: Journal is a book of secondary entry. - Book Keeping and Accountancy

MCQ
True or False

State whether the following statement is True or False with reasons:

Journal is a book of secondary entry.

Options

  • True

  • False

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Solution

This statement is False.
All the business transactions are recorded in the journal in chronological order of their occurrence. therefore journal is known as the book of original entry or primary entry.
  Is there an error in this question or solution?
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APPEARS IN

Balbharati Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board
Chapter 5 Subsidiary Books
Exercise Q.4 | Q 1 | Page 170
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