Ledger Test 12

Result

Ledger Test 12

Score
-
out of -
Rank
-
out of -

TIME Taken - -

SHARING IS CARING

If our Website helped you a little, then kindly spread our voice using Social Networks. Spread our word to your readers, friends, teachers, students & all those close ones who deserve to know what you know now.

Weekly Quiz Competition

Question 1
1 / -0

If there is a debit balance in ledger accounts than ___________.

A
debit side of an account exceeds the credit side

B
credit side of an account exceeds the debit side

C
total of the debit side is more

D
both a & c

Solution

If there is a debit balance in ledger accounts than debit side of an account exceeds the credit side
Question 2
1 / -0

In ledger J.F. denotes __________.

A
Page number

B
Folio

C
Both a & b

D
None of the above

Solution

In ledger, there is a page number column and folio column
Question 3
1 / -0

Pick out the wrong one from the following statements.

A
In ledger account debit is one left hand side and credit on right hand side.

B
Ledger takes care of only real and nominal accounts of an enterprise.

C
Name of the account in ledger is written in the top middle of the account.

D
Ledger account is divided into two sides.

Solution

Ledger takes care of only real and nominal accounts of an enterprise.
Question 4
1 / -0

What is NOT required for ledger?

A
Date

B
Using 'To' and 'By'

C
In folio column page number of journal

D
None of the above

Solution

All the above mentioned things are required by journal
Question 5
1 / -0

What is uncommon in ledger?

A
Name of the accounts used in journal are different from ledger

B
Account which is credited in journal debited in ledger

C
Both a & b

D
None of the above
Question 6
1 / -0

Posting is ___________________.

A
The process of displaying results in balance sheet

B
The process of displaying results in profit and loss account

C
The process of recording the transactions in journal

D
The process of recording the transactions in ledger
Question 7
1 / -0

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?

A
Classifying

B
Recording

C
Summarizing

D
All of the above
Question 8
1 / -0

Which of the following is recorded in the purchase book?

A
Cash paid to a creditor

B
Credit revenue purchases

C
Cheque received from a debtor

D
Purchase of fixed assets

Solution

Purchase book is a Subsidiary book. The Purchase book or Purchase day book contains the record of all credit goods purchase. A Purchase book does not hold the record of purchases of assets.
Question 9
1 / -0

At the end of the accounting year all the nominal accounts of the ledger book are ______________________.

A
Balanced but not transferred to profit and loss account .

B
Not balanced and also the balance is not transferred to the profit and loss account.

C
Balanced and the balance is transferred to the balance sheet.

D
Not balanced and their balance is transferred to the profit and loss account.
Question 10
1 / -0

_______ is the principal book of accounts where similar transactions relating to a particular person or property or revenue or expense are recorded.

A
Ledger

B
Journal

C
Purchases return books

D
Sales book

Solution

Ledger is the principal book of accounts where similar transactions relating to a particular person or property or revenue or expense are recorded.

User

Question Analysis

Correct -
Wrong -
Skipped -

My Perfomance

Score
-
out of -
Rank
-
out of -

Re-Attempt Weekly Quiz Competition

Ledger Test 12

Result

Ledger Test 12

Score

-

Rank

-

SHARING IS CARING

Question 1

debit side of an account exceeds the credit side

credit side of an account exceeds the debit side

total of the debit side is more

both a & c

Solution

Question 2

Page number

Folio

Both a & b

None of the above

Solution

Question 3

In ledger account debit is one left hand side and credit on right hand side.

Ledger takes care of only real and nominal accounts of an enterprise.

Name of the account in ledger is written in the top middle of the account.

Ledger account is divided into two sides.

Solution

Question 4

Date

Using 'To' and 'By'

In folio column page number of journal

None of the above

Solution

Question 5

Name of the accounts used in journal are different from ledger

Account which is credited in journal debited in ledger

Both a & b

None of the above

Question 6

The process of displaying results in balance sheet

The process of displaying results in profit and loss account

The process of recording the transactions in journal

The process of recording the transactions in ledger

Question 7

Classifying

Recording

Summarizing

All of the above

Question 8

Cash paid to a creditor

Credit revenue purchases

Cheque received from a debtor

Purchase of fixed assets

Solution

Question 9

Balanced but not transferred to profit and loss account .

Not balanced and also the balance is not transferred to the profit and loss account.

Balanced and the balance is transferred to the balance sheet.

Not balanced and their balance is transferred to the profit and loss account.

Question 10

Ledger

Journal

Purchases return books

Sales book

Solution

User

Question Analysis

My Perfomance

Score

-

Rank

-

Results Announcement on: coming Monday

Stay Tuned: We’ll update you on your result via email or SMS.