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11th Standard English Medium Accountancy Subject Ledger Book Back 3 Mark Questions with Solution Part - I Question Bank Software Jun-08 , 2021

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11th Standard English Medium Accountancy Subject Ledger Book Back 3 Mark Questions with Solution Part - I

11th Standard English Medium Accountancy Subject Ledger Book Back 3 Mark Questions with Solution Part - I

11th Standard

    Reg.No. :
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Accountancy

Time : 00:30:00 Hrs
Total Marks : 15

    Part I

    5 x 3 = 15

  1. Distinguish between journal and ledger.

  2. What is ledger? Explain its utilities.

  3. How is posting made from the journal to the ledger?

  4. Explain the procedure for balancing a ledger account.

  5. The following balances appeared in the books of Vinoth on Jan1, 2018
    Assets: Cash Rs.40,000; Stock Rs.50,000; Amount due from Ram Rs.20,000; Machinery Rs.40,000 Liabilities: Amount of due to Vijay Rs.10000 Pass the opening journal entry an deposit them to Vinoth's Capital account.

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