ICAI CPT Exam-Ledgers

Ledger is a book of ———-

Generally a Ledger is divided in ———

Difference of two sides of ledger is known as ——-

Balance of Nominal accounts of ledger is transferred to ———

The Ledger refers to an accounting book in which——

Normally, the following accounts are balanced——

Cash account has ———-Balance.

Sales return account always show a —————-Balance.

Discount account will always have———

Capital account generally has———

———-Means finding the ne balance of an account after considering the totals of both debit and credits appearing in account.

Credit balance of ledger is ——–

Debit balance in ledger will be either—-

At the end of the accounting year, all the nominal accounts of the ledger books are——-

Ledger book is popularly known as ———

Purchase return account always shows a ———-Balance

Drawing account has——-

Which of these account has debit balance?

Discount received account will always have———

The miscellaneous expenses account is likely to have——

Journal and ledger records transactions in ——-

Which of the following account may have a debit balance or credit balance?

Which of the following is known as “Principal books of accounts?

The process of transferring the transaction relating to changes in a particular item at one place in the form of an account is called