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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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Question

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

MCQ
True or False
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Solution

This statement is True.
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Chapter 4: Ledger - Exercises [Page 115]
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