Which of the following is not correct with regards to ledger ?

Question

Options:

A . It helps to identify the list of transactions under a particular account head

B . It is an account book which contains all account heads which are opened in journal

C . Ledger is a book of primary entry in which transactions are recorded for the first time

D . Ledger records the transactions in a chronological order i.e. date wise manner

Answer: Option C
:
C
Ledger is a book of secondary entry in which transactions are recorded after their entry into journal.

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Question 1. The standard format of journal does not include which of the following?....

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Question 5. The owner of the business takes Rs 100 cash for his family. The proper journal entry for this transaction is:....

Question 6. Payment of salaries to employees should be debited to ___.....

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Question 8. Which of the following is not another name for journal?....

Question 9. Discount allowed to a debtor should be credited to ___.....

Question 10. Which of the following will be credited in a journal, if a business purchases goods on credit?....

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