MCQ
True or False
State whether the following statements are ‘True or False’ with reasons.
Ledger is a book of original entry.
Options
True
False
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Solution
This statement is False.
Ledger is a book of final/secondary entry, as all the transactions from journal are to be transferred to ledger in their respective account. As such journal is a book of original entry.
Concept: Meaning of Ledger
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