All transactions are recorded directly in the ledger.

Question

All transactions are recorded directly in the ledger.

State whether the following statement are ‘True or False’ with reason :

Monjur Alahi

5 views

2025-01-04 04:42

1 Answers

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Salim Ahmed Kawsar · Accepted Answer · 2023-02-05T15:29:48+06:00

Salim Ahmed Kawsar

This statement is False.

First, every transaction is recorded in a Journal book or Subsidiary book and from there they are posted to respective ledger accounts. No transaction can be recorded directly in the ledger.

5 views Answered 2023-02-05 15:29