General Ledger
Ledger is also called:
Main Book of Entry
King of Books of Accounts
Both of these
None of these
Both of these
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In a ledger account, the difference between the total of the debit side and the total of the credit side is known as the:A. Deficit
B. Debit balance
C. Balance
D. Credit balance
The process of finding out the balance of a ledger account is known as:
A. Posting
B. Calculation
C. Investigation
D. Balancing
In accounting, the abbreviation Dr. is used for:
A. Debtor
B. Debate
C. Defaulter
D. Debit side of ledger account
Which of following types of accounts normally have a credit balance?
A. Assets, liabilities, capital
B. Revenues, liabilities, capital
C. Revenues, liabilities, expenses
D. Revenues, liabilities, losses
In a ledger account, if total of the debit side is equal to the total of the credit side, the account is said to have a:
A. Expected balance
B. Normal balance
C. Credit balance
D. Zero balance
The book in which business transactions are recorded in classified form is the:
A. Trial balance
B. Transaction analysis > journal entry > ledger account
C. Journal
D. Cash book
If the total of the debit side exceeds the total of the credit side, the ledger account is said to have a:
A. Debit balance
B. Credit balance
C. Surplus balance
D. Normal balance
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