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General Ledger
The collection of all accounts in a business enterprise is known as the:
Ledger
Balance sheet
Trial balance
Journal
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General Ledger
Ledger is a book in which accounts are opened:
All Real Accounts
All Personal Accounts
All Normal Accounts
All of these
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General Ledger
The process of transferring data from journal to ledger is called:
Recording
Journalizing
Posting
All of these
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General Ledger
A non-zero balance in a ledger account represents:
Increase in account
Decrease in account
Increase or decrease in account
No change in account
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General Ledger
Difference between two sides of an account is:
Balance
Trial Balance
Zero Balance
All of these
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General Ledger
Double Entry Accounting System is successfully applied through:
Trial Balance
Ledger
Journal
Cash Book
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General Ledger
The function of the ledger is:
Recording
Classification
Summarization
Interpretation
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General Ledger
In accounting, the term credit is usually abbreviated as:
Dr.
Ct.
Cd.
Cr.
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General Ledger
Sundry debtors is the total of all balance on:
Sales ledger
Bought ledger
General ledger
Private ledger
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General Ledger
An account with a credit balance in the general ledger is classified as:
An asset account
An expense account
A liability account
All of the above
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