Tag: meaning, definition, and advantages of double entry book-keeping

Questions Related to meaning, definition, and advantages of double entry book-keeping

As the book keeper, identify the account to which you will post the following transaction recorded by the Cashier in the cash account:
Rs. 500 paid to buy a cash book and ledger book _________________.

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  1. Stationery Account

  2. Accounting books Account

  3. Purchases Account

  4. None of the above

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Correct Option: A