Do you agree or disagree with following statements.
1) Narration is required for every entry. -Agree
2) GST stands for Goods and Sales Tax. Disagree
3) Trade discount is not recorded in the books of accounts. -Agree
4) Wages paid for installation of Machinery is debited to Wages Account. -Disagree
5) The process of entering or recording the transactions in a Journal is called as Journalising. – Agree