Maharashtra State BoardHSC Commerce 11th
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State whether the following statements are ‘True or False’ with reasons.Ledger is a book of original entry. - Book Keeping and Accountancy

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.
  Is there an error in this question or solution?
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