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Related Questions |
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Ledger records transaction in:
a) A chronological order
b) Analytical order
c) Both of the above
d) None
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The process of transferring the transactions related to the debit and credit items from journal to classified accounts in the ledger is known as:-
(a) Account (b) Ledger (c) Journal (d) Posting
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Which of the following accounts may have a debit or a credit balance?
a) Partner's Current A/c
b) Purchase A/c
c) Commission (Recd) A/c
d) None
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Ledger Book is popularly known as:
a) Secondary books of accounts
b) Principal books of accounts
c) Subsidiary books of accounts
d) None
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