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11th Standard English Medium Accountancy Subject Ledger Creative 1 Mark Questions with Solution Part - I

11th Standard

    Reg.No. :
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Accountancy

Time : 00:30:00 Hrs
Total Marks : 5
    5 x 1 = 5
  1. The ledger account is prepared in ______________ format.

    (a)

    U

    (b)

    T

    (c)

    V

    (d)

    Vertical

  2. The process of transferring the debit and credit items from the journal to the ledger accounts is called _______________

    (a)

    Journalising

    (b)

    Marshalling

    (c)

    Posting

    (d)

    None of these

  3. When a journal entry has more than one debit or more than one credit or both, it is called a _________________

    (a)

    Opening Entry

    (b)

    Journal Entry

    (c)

    Contra Entry

    (d)

    Compound Entry

  4. Ledger is a book of _______________

    (a)

    original entry

    (b)

    final entry

    (c)

    all cash transactions

    (d)

    none of these

  5. Personal and real accounts are _____________

    (a)

    closed

    (b)

    balanced

    (c)

    closed and transferred

    (d)

    opened

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