State whether the following statement are ‘True or False’ with reason :
Ledger accounts are balanced every day.
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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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A player tosses a coin and score one point for every head and two points for every tail that turns up. He plays on until his score reaches or passes n
Correct Answer - A The scores of n can be reached in the following two mutually exclusive events: (i) by throwing a head when the score is `(n-1),` (ii) by throwing...
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July 11 is observed as (A) World environment day (B) World health day (C) World population day (D) No tobacco day
Correct option is: (C) World population day
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(i) World suicide prevention day is observed on _________ every year.
(i) (A) 10th September (ii) (A) Empty Nest (iii) (B) Old age (iv) (A) Retirement
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From which books of accounts posting is made in the Ledger?
From Journal and Subsidiary books posting is made in the ledger.
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(i) A book of accounts in which all ledger accounts are maintained.
(i) Ledger (ii) Nominal Accounts (iii) Purchases Account (iv) Trial Balance
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____________ is prepared from the balances in the ledger accounts.
Correct option is (d) Trial Balance
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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...
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A person opens an account with ₹ 50 and starts depositing every day double the amount he has deposited on the previous day. Then find the amount he ha
Correct Answer - ₹ 25600
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State whether the following accounts will show debit or credit balance : `{:("(i) Purchases Accounts","(ii) Cash"),("(iii)Capital","(iv) Salary"),("(v
Correct Answer - Debit balances : - (i), (ii), (iv), (vi), (vii), (viii).
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