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Commerce · Q70

Accounting

Graduate and Post Graduate · Commerce · question 70

Q70

Journals are also referred to as

A.
Book of entries
B.
Book of original entries
Answer
C.
T account
D.
Book of economic events

Answer: Option B

Solution

Answer: Option B
Solution:
Journals are also referred to as Book of original entries. The information in these books is then summarized and posted into a general ledger, from which financial statements are produced.
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