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
Results
