Topper's Solved these Questions
LEDGER
DK GOEL|Exercise (B) Fill in the blanks by choosing the appropriate words from those written in parentheses :|5 VideosLEDGER
DK GOEL|Exercise (C) State whether the following accounts will show debit or credit balance :|1 VideosLEDGER
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DK GOEL-LEDGER-OBJECTIVE TYPE QUESTIONS
- Ledger is a book of original entry.
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- Posting is made at the debit side of an account, which has been credit...
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- L.F. in the journal is filled at the time of posting.
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- Debit balance of a nominal account shows income of the business.
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- All business transactions are first of all recorded in a Ledger.
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- The process of recording a transaction in the Ledger is called posting...
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- Personal accounts many have either debit or credit balance.
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- Assets accounts may have either debit or credit balance.
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- While preparing Cash A/c of the Current Year, the balance of the previ...
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- While preparing Capital A/c of the Current Year, the balance of the pr...
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- The balance of an account is always known by the side which is in exce...
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