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11th Standard Accounts Ledger English Medium Free Online Test One Mark Questions 2020 - 2021

11th Standard

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Accountancy

Time : 00:10:00 Hrs
Total Marks : 10

    Answer all the questions

    10 x 1 = 10
  1. Main objective of preparing ledger account is to _________

    (a)

    Ascertain the financial position

    (b)

    Ascertain the profit or loss

    (c)

    Ascertain the profit or loss and the financial position

    (d)

    Know the balance of each ledger account

  2. J. F. means ___________

    (a)

    Ledger page number

    (b)

    Journal page number

    (c)

    Voucher number

    (d)

    Order number

  3. ___________ is known as principal book of accounts because It is very useful for a business enterprise.

    (a)

    Journal

    (b)

    Ledger

    (c)

    Balance Sheet

    (d)

    Trial Balance

  4. The ledger account is prepared in ______________ format.

    (a)

    U

    (b)

    T

    (c)

    V

    (d)

    Vertical

  5. Personal and real accounts are _____________

    (a)

    closed

    (b)

    balanced

    (c)

    closed and transferred

    (d)

    opened

  6. The column of ledger which links the entry with Journal is _________________

    (a)

    L.F. Column

    (b)

    J.F. Column

    (c)

    Particulars Column

    (d)

    Amount Column

  7. Nominal account having Debit balance represents _________________

    (a)

    income/gain

    (b)

    expenses/losses

    (c)

    liability

    (d)

    assets

  8. Normally, in a majority of business concern, the ledger is a _______________

    (a)

    Sheet

    (b)

    Bound note book

    (c)

    loose-leaf Ledger

    (d)

    journals

  9. Entry in which more than one transactions are recorded is called _______________

    (a)

    compound entry

    (b)

    single entry

    (c)

    double entry

    (d)

    journal entry

  10. Cash received from Madhan is to be posted to his account on ________________

    (a)

    credit Side

    (b)

    debit side

    (c)

    both side

    (d)

    no side

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