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Commerce · Q256

Accounting

Graduate and Post Graduate · Commerce · question 256

Q256

Documentary evidence, in a specific format used to record the details of a transaction is known as

A.
Account
B.
Voucher
Answer
C.
Journal
D.
Ledger

Answer: Option B

Solution

Answer: Option B
Solution:
Documentary evidence, in a specific format used to record the details of a transaction is known as Voucher. Voucher is documentary evidence in a specific format that records the details of a transaction. It is accompanied by the evidence of transaction.