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If the total of the debit side of an account exceeds the total of its credit side, it means ____________. - Accountancy

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प्रश्न

If the total of the debit side of an account exceeds the total of its credit side, it means ____________.

विकल्प

  • Credit balance

  • Debit balance

  • Nil balance

  • Debit and credit balance

MCQ
रिक्त स्थान भरें

उत्तर

If the total of the debit side of an account exceeds the total of its credit side, it means Debit balance.

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Balancing of Ledger Accounts
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 4: Ledger - Multiple choice questions [पृष्ठ ७७]

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सामाचीर कलवी Accountancy [English] Class 11 TN Board
अध्याय 4 Ledger
Multiple choice questions | Q I 5. | पृष्ठ ७७

संबंधित प्रश्न

Write the word, term, phrase, which can substitute the statement.
 A debit balance to personal Accounts.


Select appropriate alternatives from those given below and rewrite the sentence.
Real account always shows ____________ balance.


State whether the following statements are ‘True or False’ with reasons.
Balances of Nominal Accounts are carried forward to the next year.


Complete the following table:

Land & Building Real Account
Commission Received ?

What is meant by posting?


Explain the procedure for balancing a ledger account.


Prepare Furniture A/c from the following transactions.

2016 Jan Particulars
1 Furniture in hand 2,000
1 Purchased furniture for cash 4,000
30 Sold furniture 400

The following balances appeared in the books of Kumaran on April 1, 2017.

Assets Liabilities
Cash 1,00,000 Amount due to Anush 40,000
Stock 40,000 Kumaran’s capital 1,20,000
Amount due from Rohit 10,000    
Furniture 10,000    

Find the capital and show the ledger posting for the above opening balances.


Give Journal entries for the following transactions and post them to Cash a/c and Sales A/c.

2017 Aug. Particulars
10 Sold goods and cheque received but not deposited 30,000
14 Sold goods on credit to Gopi 12,000
20 Received cash from Gopi 12,000

Enter the following transactions in the books of Ganesan and post them into ledger.

2017 Oct Particulars
1 Started business with cash 25,000
5 Deposited into bank 12,500
10 Purchased furniture and payment by cheque 2,000
15 Goods purchased for cash 5,000
19 Sold goods to Vasu on credit 4,000
22 Goods worth has taken for personal use 500

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