NCERT · Class 11 · Accountancy · Recording of Transactions - IThe process of recording transactions in a journal is called:
Step-by-Step Solution
Journalising is the process of recording business transactions in the journal in chronological order based on the rules of debit and credit.
Detailed Options Breakdown
Option : Posting
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Recording of Transactions - I.
Option 1: Balancing
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Recording of Transactions - I.
Option 2: Journalising (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 3: Castings
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.