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General Ledger
A separate record for each account is maintained in the:
Journal
Trial balance
Ledger
None of the above
Author:
rikazzz
Comment
General Ledger
Which of the following accounts is expected to have a debit balance?
Assets
Expenses
Losses
All of the above
Author:
rikazzz
Comment
General Ledger
Which of the following correctly represents the sequence of the accounting cycle?
Journal entry > transaction analysis > ledger account
Transaction analysis > journal entry > ledger account
Transaction analysis > journal entry > trial balance
Transaction analysis > trial balance > ledger account
Author:
rikazzz
Comment
General Ledger
The left hand side of a ledger account is known as the:
Credit side
Debit side
Income side
Profit side
Author:
rikazzz
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General Ledger
Which one of the following is known as the king of all books of accounts?
General journal
Cash book
General ledger
Business book
Author:
rikazzz
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General Ledger
If an account has a credit balance,  it  means:
Both debit and credit sides are equal
Total of debit side exceeds total of credit side
Total of credit side exceeds total of debit side
None of the above
Author:
rikazzz
Comment
General Ledger
Transferring information from the journal to the ledger is known as:
Transferring
Posting
Balancing
Journalizing
Author:
rikazzz
Comment
General Ledger
If the total of the debit side exceeds the total of the credit side, the ledger account is said to have a:
Debit balance
Credit balance
Surplus balance
Normal balance
Author:
rikazzz
Comment
General Ledger
The book in which business transactions are recorded in classified form is the:
Trial balance
Transaction analysis > journal entry > ledger account
Journal
Cash book
Author:
rikazzz
Comment
General Ledger
Ledger is also called:
Main Book of Entry
King of Books of Accounts
Both of these
None of these
Author:
rikazzz
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