i. The first book of original entry is the _______ ii. The process of recording transaction into journal is called ________

Question

Fill in the blanks:

i. The first book of original entry is the _______

ii. The process of recording transaction into journal is called ________

iii. An explanation of the transaction recorded in the journal ________

iv. _______discount is not recorded in the books of accounts.

v. ________is concession allowed for bulk purchase of goods or for immediate payment.

Answer 1

i. Journal

ii. Journalising

iii. Narration

iv. Narration

v. Discount