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Question Practice

If an account is opened only once in the ledger, what does this imply about posting entries?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Accountancy
Financial Accounting - I
Recording of Transactions - I
Question Bank

If an account is opened only o...

Single Answer MCQ
Q-00053969

If an account is opened only once in the ledger, what does this imply about posting entries?

1

Entries can be posted multiple times

2

Only the first transaction is important

3

All transactions go into that account

4

Accounts are deleted after use

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