Posting of the journal entries into ledger - class-IX
Description: posting of the journal entries into ledger | |
Number of Questions: 31 | |
Created by: Rachana Sahu | |
Tags: elements of accounts ledger-posting ledger elements of book keeping and accountancy accounting records journal and ledger commercial studies commercial applications accountancy accounting books and statements recording of transactions - i theory base of accounting ledger and posting accounting and its terminology |
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 _________.
The following relate to the recording process. Which of these statements is correct?
Suppose One Dealer has a credit of ' 5/-Lakhs in his Electronic ITC Ledger. That dealer has an interest arrears dues of '6/-Lakhs and Penalty Dues of ' 2/-Lakhs. If so, how much, he has to deposit to settle the above interest and Penalty Dues?
Ledger is also called ___________.
Receivables Management deals with _______________.
__________ is a summary of all transactions relating to particular account.