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Question Practice

Which of these is NOT a characteristic of the Journal Proper?

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 - II
Question Bank

Which of these is NOT a charac...

Single Answer MCQ
Q-00054068

Which of these is NOT a characteristic of the Journal Proper?

1

Records transactions chronologically

2

Used only for cash transactions

3

Maintains a debit and credit balance

4

Records all types of transactions

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What happens to the contra entries when posting from the cash book to the ledger?

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Q4.

Why might a business choose to maintain a petty cash book?

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