Practice mode / Ledger ____ helps business to classify transactions according to their nature? A Option A: General journal B Option B: Real accounts C Option C: Ledger accounts D Option D: Cash accounts Correct answer C. Ledger accounts Show answer
Question 01 / Ledger Which of the following is a real account? A Option A: Office equipment B Option B: Rent expenses C Option C: Rent income D Option D: Insurance expense Correct answer A. Office equipment Show answer Open question
Question 02 / Ledger Which of the following accounts are closed at the end of an accounting period? A Option A: Nominal accounts B Option B: Balance sheet accounts C Option C: Real accounts D Option D: None of them Correct answer A. Nominal accounts Show answer Open question
Question 03 / Ledger Which of the following is the closing balance of a ledger account? A Option A: Balance c/d B Option B: Balance b/d C Option C: Balance e/d D Option D: Balance f/c Correct answer A. Balance c/d Show answer Open question
Question 04 / Ledger Posting is the process of? A Option A: Posting the letters in drop box B Option B: Posting suitable person to a suitable job C Option C: Entering in the ledger the information contained in the ledger D Option D: All the three Correct answer C. Entering in the ledger the information contained in the ledger Show answer Open question
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