11th commerce bookkeeping and accountancy lesson no. 3 journal
Understand the Problem
The question is asking for information or a lesson related to journal entries in bookkeeping and accountancy within the context of an 11th-grade commerce curriculum.
Answer
Chapter 3 covers the Journal, a systematic record of day-to-day business transactions.
Chapter 3 in 11th standard commerce bookkeeping and accountancy typically covers the Journal, which is the book of account where all types of day-to-day business transactions are recorded systematically.
Answer for screen readers
Chapter 3 in 11th standard commerce bookkeeping and accountancy typically covers the Journal, which is the book of account where all types of day-to-day business transactions are recorded systematically.
More Information
The Journal is crucial in accounting as it records all economic events of an entity, serving as a primary source of transaction data.
Tips
Students often confuse the journal with ledgers. Remember that journals are initial entries, while ledgers are secondary records.
Sources
- Balbharati solutions for Book-keeping and Accountancy 11th - shaalaa.com
- Maharashtra Board 11th BK Textbook Solutions Chapter 3 Journal - maharashtraboardsolutions.com
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