Question

i. The book of account in which all accounts are maintained is called ______.
ii. Ledger is the__________ of double entry accounting system.
iii. Process of Recording in the Ledger is known as _______.
iv. ___________ is the basis of posting in the ledger.
v. Ledger is the book of _________ record

Answer 1

Answer:

journal

part

transaction

journal

original entry

Answer 2

Answer:

i. Journal

ii. Principal book

iii. Posting

iv. Account

v. Analytical