Posting is the process of_____? Page 1. Which of the following is the closing balance of a ledger account? This contains 20 Multiple Choice Questions for Commerce Test: Preparation Of Journal Ledger Account - MCQ - 2 (mcq) to study with solutions a complete question bank. We hope the given NCERT MCQ Questions for Class 11 Accountancy Chapter 6 Trial Balance and Rectification of Errors with Answers Pdf free download will help you. Posting the letters in drop box ... D. Cash Book is a subsidiary book as well as a ledger. Identify the amount that would have been placed in suspense as a result of each of the following errors; a) A folio in the Purchases Journal … 8. (a) accounts receivable subsidiary ledger (b) sales journal (c) accounts receivable journal (d) general ledger. Where are amounts owed by customers for credit purchases found? D 5. 0. (A) Journalizing, final accounts, posting to the ledger and trial balance (B) Journalizing, posting to the ledger, trial balance and final accounts (C)Posting to the ledger, trial balance, final accounts and journalizing (D)Posting to the ledger, journalizing, final accounts and trial balance ANSWERS 1. Ace up your preparation with the Objective Questions available on Trial Balance and enhance your subject knowledge. In other words, taking ledger balance and presenting them in a single worksheet as on a particular date is Trial Balance. An internal document that is prepared to prove that the total of all the debit balances is equal to the total of all the credit balances is a _____ _____. Read more about this Mcq. 5. A. 9. MCQ Questions on Trial Balance: Below, You will find a list of Commerce MCQ Questions as per the latest prescribed syllabus. View answer. Answer this pls - Journals, Ledger Accounts, Trial Balance, Profit & Loss, Balance Sheet by: Anonymous 2017 October 1 Started business with $50,000 deposited in bank October 4 Purchased delivery van for $18,000 paying by cheque October 5 Bought … 0. B 6. Explain the difference between simple journal entry and compound journal entry. A 7. Journal Entry MCQs; General Ledger MCQs; Trial Balance MCQs; Rectification of Errors; Books of Accounts; Cash Book MCQs 1; Cash Book MCQs 2; Bank Reconciliation 1; Bank Reconciliation 2; Adjusting Entries 1; Adjusting Entries 2; Adjusted Trial Balance; Financial Statement; Closing and Worksheet; Cash Flow Statement Explain the rules of debits and credits. D 3. Journal, Ledger and Trial Balance: Learning Objectives: After studying this topic you should be able to: Classify the accounts into different types. A 4. When the trial balance extracted from the books of Kevin Enterprises at the year-end failed to balance, the difference was placed in a Suspense account. Multiple choice Questions on Accounting for Managers or Managerial Accounting. Balance c/d B. B. Journal C. Ledger D. Trial Balance. A trial balance is a statement that shows the total balance amounts of all the ledger accounts for the specific period, i.e., for a month, quarter, semi-annually, annually. The solved questions answers in this Test: Preparation Of Journal Ledger Account - MCQ - 2 quiz give you a good mix of easy questions and tough questions. Balance b/d Practice for BBA or MBA exams using these MCQ. Define, explain and prepare journal. C 8. B 2. ... Transaction, source document, journal entry, trial balance, ledger account. (a) Trial Balance (b) Balance Sheet (c) General Journal (d) Statement of retained earnings. Correct answer: (D) Transaction, source document, journal entry, ledger account, trial balance. Understand the concept clearly by consistently practicing the Multiple Choice Questions and score well in your exams. A.
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