File: Ncert Solution Class 11 Accountancy Chapter 3 Recording Of Transactions 1
ncert solution for class 11 accountancy chapter 3 recording of transactions 1 short answers 1 state the three fundamental steps in the accounting process the fundamental steps involved in the ...
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...Ncert solution for class accountancy chapter recording of transactions short answers state the three fundamental steps in accounting process involved can be diagrammatically represented below as identifying financial from vouchers recoding original book entry journal classifying individual account ledger posted preparing statement profit and loss balance sheet communicating to different users why is evidence provided by source documents important document because following reasons it provides that transaction has taken place relevant information a which contains details date amount parties other particular court law act proof during auditing helps verifying should first recorded or complete one further forms basis posting into their respective accounts general gets chronological order i e they occurred with help also called are originally books then presented flow chart debits credits listed entries indented per rule double system two columns format namely debit credit manner unlike no...