Accounting · Accounting Principles and Books
Identify the incorrect statement from the following options.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Bookkeeping records only those transactions that can be expressed in terms of money.
- 2Each transaction is first recorded in the journal or subsidiary books.
- 3The Ledger is a book of original or primary records.✓
- 4A voucher is necessary for every transaction to be recorded in the books of accounts.
Correct answer
The Ledger is a book of original or primary records.
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