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Fundamentals of Accounting

Quick practice

Question 1 of 5

Order in which the accounting transactions and events are recorded?

A

Profit and Loss A/c, Ledger, Balance Sheet, Journal

B

Journal, Subsidiary books, Ledger, Balance Sheet, Profit and Loss Account (P&L Account)

C

Journal, Ledger, Profit and Loss A/c, Balance Sheet

D

Ledger, Journal, Balance Sheet, P&L A/c

Concepts

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