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State whether the following statements are ‘True or False’ with reasons.The name of an account written on top of each account is called ‘Head of Account'. - Book Keeping and Accountancy

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MCQ
True or False

State whether the following statements are ‘True or False’ with reasons.
The name of an account written on top of each account is called ‘Head of Account'.

Options

  • True

  • False

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Solution

This statement is True.
Concept: Meaning of Ledger
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