Ledger Accounts
Commerce ⇒ Accountancy
Ledger Accounts starts at 11 and continues till grade 12.
QuestionsToday has an evolving set of questions to continuously challenge students so that their knowledge grows in Ledger Accounts.
How you perform is determined by your score and the time you take.
When you play a quiz, your answers are evaluated in concept instead of actual words and definitions used.
See sample questions for grade 11
Explain the difference between a journal and a ledger.
Explain the difference between a personal account and a real account in the ledger.
Explain the term 'balancing of an account'.
Explain why it is important to maintain a ledger in accounting.
If the opening balance of the Cash Account is Rs. 2,000, cash received during the period is Rs. 5,000, and cash paid is Rs. 4,000, what is the closing balance?
If the total of the debit side of a ledger account is Rs. 10,000 and the credit side is Rs. 7,500, what is the balance of the account?
What is a ledger in accounting?
What is meant by 'posting' in the context of ledger accounts?
What is the effect of an error of omission on the ledger?
What is the effect of posting a transaction to the wrong side of a ledger account?
What is the format of a ledger account?
What is the meaning of 'closing an account' in the ledger?
What is the purpose of balancing a ledger account?
What is the significance of the folio column in a ledger account?
