CBSE · Class 11 · Accountancy · Recording of Transactions - IWhich of the following is considered the book of original entry?
Step-by-Step Solution
The journal is known as the book of original entry because all business transactions are first recorded chronologically in it before being posted to the ledger.
Detailed Options Breakdown
Option : Ledger
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Recording of Transactions - I.
Option 1: Journal (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 2: Trial Balance
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Recording of Transactions - I.
Option 3: Balance Sheet
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Recording of Transactions - I.
💡 Study Guide: This question tests core syllabus concepts from Recording of Transactions - I. For formulas, key summaries, and mock exam reference guides, read the full Recording of Transactions - I Revision Notes.