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प्रश्न
Select appropriate alternatives from those given below and rewrite the sentence.
_________ is the process of deriving the difference between totals of the debit and credit side of each ledger a/c.
विकल्प
Totalling
Journalizing
Balancing
Posting
उत्तर
Balancing is the process of deriving the difference between totals of the debit and credit side of each ledger a/c.
APPEARS IN
संबंधित प्रश्न
Answer in one sentence only
What is Ledger?
Answer in one sentence only
When does an account show a nil balance?
Answer in one sentence only.
Why does cash account never shows a credit balance?
Write the word, term, phrase, which can substitute the statement.
Principal Book of accounts.
Select appropriate alternatives from those given below and rewrite the sentence.
‘c/d’ indicates _______ balance
Select appropriate alternatives from those given below and rewrite the sentence.
Debtors Account shows ___________ balance.
State whether the following statements are ‘True or False’ with reasons.
Ledger is a book of original entry.
State whether the following statements are ‘True or False’ with reasons.
When debit side of an account is greater then the credit side, the account shows debit balance.
State whether the following statements are ‘True or False’ with reasons.
The name of an account written on top of each account is called ‘Head of Account'.
Fill in the blank:
________ balance on Nominal Account shows expenses or loss.
Fill in the blank:
Cash account always shows ______ balance
Fill in the blank:
Creditors shows _________ balance
Fill in the blank:
‘b/d’ means __________.
Complete the following table:
| Journal | Journalising |
| ? | Posting |
Complete the following table:
| Sales Return | Return Inward |
| Purchase Return | ? |
Complete the following table:
| L.F. | Journal |
| ? | Ledger |
Complete the following table:
| Assets | Debit Balance |
| Liabilities | ? |
Answer in one sentence only.
Why Proprietor’s Capital account is a liability for the business?
