Q123
Collection of ledgers of same nature is called
A.
Vouchers
B.
Asset
C.
Group
AnswerD.
None of these
Answer: Option C
Solution
Answer: Option C
Solution:
Group are collection of ledgers of the same nature. An account group is a method of coordinating ledger accounts into a tree structured hierarchy. Each account group is component of either assets, liabilities, income and expenditure.