Question :

Collection of ledgers of same nature is called


A) Vouchers
B) Asset
C) Group
D) None of these

Answer : C

Description :


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.


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A) Purchase
B) Payment
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D) Journal

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B) Nick name
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D) All of these

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