General Ledger
Which of following types of accounts normally have a credit balance?
Assets, liabilities, capital
Revenues, liabilities, capital
Revenues, liabilities, expenses
Revenues, liabilities, losses
Revenues, liabilities, capital
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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
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
Ledger is also called:
A. Main Book of Entry
B. King of Books of Accounts
C. Both of these
D. None of these
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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