Ledger Test 11

Result

Ledger Test 11

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Weekly Quiz Competition

Question 1
1 / -0

The information that is not provided in the ledger is a _______________.

A
Information regarding debtors

B
Every information is provided with narration

C
Information regarding creditors

D
Information regarding purchases

Solution

information in narration is recorded anywhere in the ledger.
Question 2
1 / -0

Ledger is book for _________________.

A
Analytical record

B
Chronological record

C
Alphabetical record

D
None of above

Solution

Analytical record
Question 3
1 / -0

A ledger is made _____________.

A
to classify all items appearing in Journal

B
to record the transaction

C
Both (a) and (b)

D
None of these

Solution

Ledger sorts out all the entries in journal under appropriate accounts for example all transactions related to cash are put in one account.
Question 4
1 / -0

Goods returned by customer should be debited to which of the following accounts?

A
Sales income account

B
Sales account

C
Return inward account

D
Expenses account

Solution

The journal entry for the above transaction will be
Return inwards/ sales return a/c Dr.
To Debtors a/c
Therefore, it will be debited to return the inwards account.
Question 5
1 / -0

Which of the following is an item of a creditors control account?

A
Cash purchases

B
Cash sales

C
Credit sales

D
Credit purchase
Question 6
1 / -0

_____ is a book of account; in which all types of accounts relating to assets, liabilities, capital, expenses and revenues are maintained.

A
Ledger

B
Journal

C
Primary entry book

D
None of above

Solution

Ledger is a secondary and principal book of account whereas all types of accounts relating to assets, liabilities, capital, expenses and revenues are maintained.
Ledger is prepared after recording the in the journal books.
Question 7
1 / -0

Function of the ledger is _____________.

A
to calculate the total debit and credit of the company

B
to prepare the summary of each account

C
to record all the transactions in a period.

D
All of the above

Solution

In ledger, summary of each account is prepared.
Question 8
1 / -0

Which ONE of the following, in a classified form, contains permanent records of all transactions?

A
Cash Book

B
Sales Day Book

C
Journal

D
Ledger

Solution

Ledger contains permanent records of all transactions
Question 9
1 / -0

This is NOT the function of ledger.

A
To classify all the items

B
To put all the items at application accounts

C
Both a & b

D
None of the above

Solution

The function of ledger is
1. To classify all the items
2. To put all the items at application accounts
Question 10
1 / -0

Book of analytical record is ___________.

A
Balance sheet

B
Journal

C
Ledger

D
All of the above

Solution

Ledger is book of analytical record.

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Re-Attempt Weekly Quiz Competition

Ledger Test 11

Result

Ledger Test 11

Score

-

Rank

-

SHARING IS CARING

Question 1

Information regarding debtors

Every information is provided with narration

Information regarding creditors

Information regarding purchases

Solution

Question 2

Analytical record

Chronological record

Alphabetical record

None of above

Solution

Question 3

to classify all items appearing in Journal

to record the transaction

Both (a) and (b)

None of these

Solution

Question 4

Sales income account

Sales account

Return inward account

Expenses account

Solution

Question 5

Cash purchases

Cash sales

Credit sales

Credit purchase

Question 6

Ledger

Journal

Primary entry book

None of above

Solution

Question 7

to calculate the total debit and credit of the company

to prepare the summary of each account

to record all the transactions in a period.

All of the above

Solution

Question 8

Cash Book

Sales Day Book

Journal

Ledger

Solution

Question 9

To classify all the items

To put all the items at application accounts

Both a & b

None of the above

Solution

Question 10

Balance sheet

Journal

Ledger

All of the above

Solution

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Question Analysis

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