Distinction between subsidiary books and ledger - class-IX
Description: distinction between subsidiary books and ledger | |
Number of Questions: 26 | |
Created by: Prajapati Rathore | |
Tags: accounting and its terminology ledger-posting elements of book keeping and accountancy ledger accounting records commercial studies journal and ledger commercial applications accounting books and statements accountancy recording of transactions - i ledger and posting theory base of accounting elements of accounts |
The main books of accounts in a business is ____________.
Which of the following books serves both as journal and ledger?
Every financial transaction is recorded first in the journal.
Left hand side of an account is ________.
Transferring journal entry from journal to ledger is called journalising.
Posting implies recording of a transaction in journal.
Brokerage paid on sale of goods is debited to Brokerage A/c.
The accounting entries passed to transfer balance from the closed account to another account are called transfer entries, e.g. transfer of net profit to Capital A/c.
Right hand side of an account is __________.
Recording of an entry from journal to ledger is called as __________.
Ledger posting is made before passing journal entry.
All entries are posted from journal to _______.
____________ is a process of transferring journal entry to ledger.
Recording of a transaction in journal is called posting.
Ledger Folio is recorded in Journal.
Recording business transaction in the journal is known as posting.
With the help of journal and ledger, cross checking of business transactions not possible.
Cash purchase of raw material is initially recorded in_________.
A summary record of the changes in a particular asset, liability or owners equity is known as _________.
The transferring of amount from the journal to the appropriate accounts in the ledger is called _________.
Total of Bills Payable Book is posted to the ledger ___________.
The process of transferring the debit and credit items from a journal to their respective accounts in the ledger is termed as _______________.
The process of transferring the transactions relating to changes in a particular item at one place in the form of an account is called _________.
Posting refers to the process of transferring information from _________.
The following relate to the recording process. Which of these statements is correct_________.
The process of transferring the transactions relating to changes in a particular item at one place in the form of an account is called _________.