Tag: meaning, definition, need, objectives and limitations of double entry system

Questions Related to meaning, definition, need, objectives and limitations of double entry system

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