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Question
State whether the statement is TRUE or FALSE.
All Ledger accounts have same groups in Computerized Accounting.
Options
True
False
MCQ
True or False
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Solution
The given statement is false.
Explanation:
In computerized accounting, each ledger account is assigned to an appropriate group (an accounting group collects ledger accounts of the same nature), so ledger accounts do not all have the same group.
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Introduction to Computerised Accounting with GST
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