Meaning, format and utility of ledgers - class-XI
Description: meaning, format and utility of ledgers | |
Number of Questions: 35 | |
Created by: Prajapati Rathore | |
Tags: business studies commercial studies commercial applications recording of business transactions accounting in business elements of book keeping and accountancy ledger accounting records recording of transactions - i ledger and posting elements of accounts accounting and its terminology ledger-posting accountancy accounting books and statements |
It is a check on the accuracy of posting. If the trial balance agrees it proves that -
1. The books are arithmetically accurate
2. Both the aspects of the transactions have correctly recorded in the books of original entry as well as in the ledger.
The correct answer is ___________________.
Which of the following involves the preparation of reports and statements from the classified data (ledger) understandable and useful to management and other interested parties?
Ledger book is popularly known as ____________.
At the end of the accounting year all the nominal accounts of the ledger book are ______________________.
The total of the amount of the bills receivable book is posted to the _______in the ledger.
The total of the amount of the bills payable book is posted to the _____ in the ledger.
At the end of the accounting year all the nominal accounts of the ledger book are _________________.
Credit creation power of the commercial banks gets limited by which of the following?
Which of the following statements best explains the relationship between journal and ledger?
Ledger Folio and index is necessary for ledger.
A bound book of account is __________.
_________ is concerned with the classification process of Accounting.
A transaction recorded on the credit side of cash book is transferred to the ledger _______________.
Balance of cash book is posted to the ledger ______________.
Main object of preparing a Ledger is ____________.
In the ledger only __________ accounts are maintained.
Cash account will show ______________.
Ledger book is popularly known as _________.
_________ is the principal book of accounts where similar transactions relating to a particular person or property or revenue or expense are recorded.
Ledger is the ____ of accounts where similar transactions relating to a particular person or property or revenue or expense are recorded.
Ledger is book for _________________.
On 1st April, 2012 in Sethi's Ledger, furniture account showed a balance of Rs. 2,00,000. On 1st October, 2012 Sethi purchased new furniture by paying Rs. 5,000 and giving old furniture whose book value on 1st April, 2012 was Rs. 12,000 to the seller. Sethi provides depreciation on furniture @ 10% per annum on diminishing balance method. The net value of furniture in Sethi's books as on 31st March, 2013 would be:
A ledger is made _____________.
What is NOT required for ledger?
Posting is ___________________.
Pick out the wrong one from the following statements.
What is uncommon in ledger?
Book of analytical record is ___________.
This is NOT the function of ledger.
The information that is not provided in the ledger is a _______________.
Function of the ledger is _____________.
If there is a debit balance in ledger accounts than ___________.
Ledger is a book of _________.
Cash book is a form of _____________.
Ledger is an account book in which ______________.