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

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

Solution

This statement is True.

Concept: Meaning of Ledger

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Q 4. 6)Q 4. 5)Q 4. 7)

Chapter 4: Ledger - Exercises [Page 115]

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Balbharati Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board

Chapter 4 Ledger
Exercises | Q 4. 6) | Page 115

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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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