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Question Practice

Which of the following statements is NOT true regarding the ledger?

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

Which of the following stateme...

Single Answer MCQ
Q-00053955

Which of the following statements is NOT true regarding the ledger?

1

It contains all accounts

2

It records transactions chronologically

3

It is used for posting from the journal

4

It can be used to prepare financial statements

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