The work of accounting depends upon ____________
(a) book-keeping
(b) cash book
(c) subsidiary books
(d) ledger
1 Answers
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Create ledger accounts using the accounting Package. Create ledger accounts for the following and allocate proper groups.
Step 1: You Can select an already created company using the ‘Select Existing Company ’ Option on Opening Screen. Step 2: Log in with User Name and Password Step 3: To create an...
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____________ is the act of transferring an entry from journal to ledger.
Correct option is (d) Posting
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____________ is prepared from the balances in the ledger accounts.
Correct option is (d) Trial Balance
2 Answers 1 views
Ledger Folio and index are necessary for the ledger.
This statement is True. The index is necessary to final particular account on its page number and ledger folio number is also necessary for cross-checking with the journal book. This makes...
2 Answers 1 views
Overdraft as per Cash Book means debit balance as per Cash Book.
This statement is False. Overdraft as per Cash Book means credit balance as per cash book. Cashbook debit means deposits. When cash book debit balance is greater it means Bank Balance...
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(i) Overdraft as per cash book means debit balance as per cash book.
(i) Normal bank balance as per cash book means debit balance as per cashback. (ii) The Bank column in cashback represents the business’s current account. (iii) The current account is opened by traders for day-to-day...
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Enter the following transactions in subsidiary books, post them into Ledger and prepare a Trial Balance : The following balances existed in Sunil Bros
Correct Answer - Cash Balance Rs 6,500; Bank Balance Rs 42,180; Total of Purchases Book Rs 51,300; sales Book Rs 67,000; Sales Return Book Rs 7,000; Total of Journal Proper...
2 Answers 2 views
The balance of cash at bank as shown by the Cash Book of Pan & Pan Co. on 31st December,m 2016, was ₹7,500. On checking the entries in the Cash Book w
Correct Answer - Cr. Balance as per Pass Book ₹9,015.
2 Answers 1 views
On 31st December, 2014 the Cash Book of Gopal showed debit balance of 12,000. On comparing the Cash Book with the Pass Book, the following decrepancie
Correct Answer - Cr. Balance as per Pass Book ₹19,280.
2 Answers 5 views
The following information relate to the business of Mohit Raina, who requests you to prepare his ameded Cash Book and reconcile his Cash Book balance
Correct Answer - Adjusted balance as per Cash Book (Cr.) ₹29.000; Pass Book Cr. Balance ₹30,000.
2 Answers 14 views