Ledger Accounts
Commerce ⇒ Accountancy
Ledger Accounts starts at 11 and continues till grade 12.
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See sample questions for grade 12
A ledger account has a debit balance of Rs. 2,000. What does this indicate?
Explain the difference between a subsidiary book and a ledger.
Explain the importance of balancing ledger accounts at the end of an accounting period.
Explain the process of posting from the journal to the ledger.
Explain the term 'balancing of an account'.
If the total of the debit side of a ledger account is Rs. 12,000 and the total of the credit side is Rs. 9,000, what is the balance of the account?
State the rule for posting entries in a nominal account.
State the rule for posting entries in a real account.
State the three types of accounts maintained in the ledger.
What is a ledger account?
What is meant by the term 'ledger folio'?
What is the difference between a journal and a ledger?
What is the effect of an entry posted on the wrong side of a ledger account?
What is the main objective of preparing a ledger?
What is the meaning of 'posting' in accounting?
What is the purpose of a ledger folio column in a ledger account?
