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    Question

    Which one of the following is the first book in which

    the transactions of a business unit are recorded ?
    A Balance Sheet Correct Answer Incorrect Answer
    B Cash Book Correct Answer Incorrect Answer
    C Ledger Correct Answer Incorrect Answer
    D Journal Correct Answer Incorrect Answer

    Solution

    The first book in which the transactions of a business unit are recorded is called the “Journal” or “Book of Original Entry”. It is also sometimes referred to as the “Daybook” because it is used to record transactions on a daily basis.

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