Adaptive Practice
Ledger
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Question 1 of 10
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Easy
What is the primary purpose of a Ledger in accounting?
Easy
Which of the following is NOT a type of Ledger?
Easy
In a Ledger, the left side is called the ________ side.
Medium
If a business purchases goods on credit from Ram, where will the transaction be recorded first?
Medium
Which of the following entries will appear on the credit side of the ledger account?
Medium
What is the effect on the ledger account when a business receives cash from a debtor?
Easy
Which ledger account will show a debit balance?
Medium
How is the balance of a ledger account calculated?
Hard
Which ledger account will be credited when a business pays rent?
Hard
In the ledger, how is the closing balance recorded if the debit side total is more than the credit side total?