Fill in the blanks:

i. The first book of original entry is the _______

ii. The process of recording transaction into journal is called ________

iii. An explanation of the transaction recorded in the journal ________

iv. _______discount is not recorded in the books of accounts.

v. ________is concession allowed for bulk purchase of goods or for immediate payment.

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1 Answers

i. Journal

ii. Journalising

iii. Narration

iv. Narration

v. Discount

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