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 handling convenient and easier.
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...
Journalise the following transactions of Mr Ram for the year 2017,
Dec 1 Mr Ram commenced business with cash Rs.150000
2 Paid into
bank Rs.50,000
5 Purchased
good Rs.25,000
7 Cash sales Rs.
15,000
25...
This statement is False.
Ledger posting is necessary for journal proper. From Ledger trial balance and financial statements are prepared for the accounting year. Without posting of journal proper Trial balance and...
This statement is True.
Ledger folio is a page of the ledger, where posting is made from a journal book. For cross-reference, the ledger folio is recorded in the journal.
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...
