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MCQ Chapter 4 Accountancy Class 11 Maharashtra Board

Ledger

1. Ledger is also known as the

Question 1 of 20

2. The process of transferring entries from Journal to Ledger is called

Question 2 of 20

3. The term ‘Ledger’ is derived from the Latin word meaning

Question 3 of 20

4. The main objective of maintaining a ledger is to

Question 4 of 20

5. Each page of the ledger is known as

Question 5 of 20

6. The debit side of a ledger starts with

Question 6 of 20

7. Which of the following is not a column in a ledger account?

Question 7 of 20

8. In modern accounting systems, ledgers are prepared using

Question 8 of 20

9. If a transaction involves 3 accounts, how many ledger accounts are affected?

Question 9 of 20

10. In a combined entry for paying rent and salary, the cash account is

Question 10 of 20

11. On the credit side of a ledger, entries start with

Question 11 of 20

12. Ledger is called the book of

Question 12 of 20

13. Which account always shows a debit balance?

Question 13 of 20

14. Personal account with debit balance is called a

Question 14 of 20

15. Balancing a ledger means

Question 15 of 20

16. The balance shown on the lesser side of an account while balancing is called

Question 16 of 20

17. Which account does not generally show a credit balance?

Question 17 of 20

18. Cash Book serves the purpose of

Question 18 of 20

19. Petty Cash expenses are posted to

Question 19 of 20

20. The process of preparing ledger is based on the principle of

Question 20 of 20

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