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State whether the following statement is True or False with reasons.A journal voucher is must for all transactions recorded in the journal. - Book Keeping and Accountancy

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Question

State whether the following statement is True or False with reasons.
A journal voucher is must for all transactions recorded in the journal.

Options

  • True

  • False

MCQ
True or False
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Solution

This statement is True.
Journal voucher is basic/original voucher on the basis of which the transactions should be journalised in journal book, so we can say that journal voucher is must for all transactions recorded in the journal.

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Chapter 3: Journal - Exercises [Page 82]
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