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प्रश्न
State whether the following statements are ‘True or False’ with reasons.
Ledger is a book of original entry.
विकल्प
True
False
उत्तर
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
What is Folio?
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.
_________ is the process of deriving the difference between totals of the debit and credit side of each ledger a/c.
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:
The right hand side of an account is called ___________ side.
Fill in the blank:
Creditors shows _________ balance
Fill in the blank:
‘b/d’ means __________.
Fill in the blank:
Rent paid for the residential quarter will be debited to ____________ account.
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?
