Quiz on Ledger

#1. ……….. is prepared from the balances in ledger accounts.

#2. …………….. column of ledger is used for writing page number of Journal.

#3. when the total of debit side of an A/c.exceeds credit side, it is called ……………………. Balance.

#4. Narration is not necessary in Ledger

#5. In case of a credit transaction one of the account must be a …………….. account.

#6. All entries are posted from Journal to ……………

#7. Recording of an entry from Journal to ledger is called as ………….

#8. ………………. is a process of deriving the difference between the totals of the debit and credit side of each ledger account.

#9. ………………. is prepared to test arithmetical accuracy of Books of Accounts

#10. Left hand side of an account is called …………

#11. Machinery A/c. shows ……………………. balance.

#12. Wages A/c is transferred to …………….. A/c.

#13. ……………… serves the purpose of both Journal as well as Ledger.

#14. Debtors A/c shows ……………………. balance.

#15. ‘c/d’ indicates …………….. balance.

#16. Ledger is known as the book of original entry

#17. ………. is not a book of original entry.

#18. Total of Purchase Book is ………………. to purchase Account.

#19. Real account always shows …………… balance.

#20. Goods distributed on free samples will be debited to ………………….. A/c

finish

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