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Asked/Added Questions From NCERT:


Question 1. Asked on :20 August 2019:07:59:13 PM

 Give two advantages of a journal ?

-Added by anjali thakur Accountancy » Ch 8

Answer:

Akki chauhan

(i) As transactions in journal are entered as and when they take place the possibility of omission of a transaction in the book of accounts.

(ii) As transaction in journal are recorded in chronological order, it is very easy locate a particular transaction when required.  

-Answered by Akki chauhan On 21 August 2019:11:07:26 AM


Question 2. Asked on :20 August 2019:07:57:39 PM

 What is trade discount ?

-Added by anjali thakur Accountancy » Ch 8

Answer:

anjali thakur

 A discount on the retail price of something allowed or agreed between traders or to a retailer by a wholesaler .


-Answered by anjali thakur On 20 August 2019:08:26:34 PM


Question 3. Asked on :20 August 2019:07:56:17 PM

 What is mean by a journal ?

-Added by anjali thakur Accountancy » Ch 8

Answer:

Shruti Srivastva
A record of financial transaction in order by date. 

-Answered by Shruti Srivastva On 29 August 2020:05:53:35 PM


 

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