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  1. Collection of ledgers of same nature is called

    2. A.

     Vouchers
    B.

     Asset
    C.

     Group
    D.

     None of these

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    Workspace

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    Answer : Option C

    Explanation :

    Group are collection of ledgers of the same nature. An account group is a method of coordinating ledger accounts into a tree structured hierarchy. Each account group is component of either assets, liabilities, income and expenditure.

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