MCQ Chapter 4 Accountancy Class 11 Maharashtra Board Ledger 1. Which statement is true about real accounts?Always show credit balanceClosed every yearAlways show debit balanceUsed for incomesQuestion 1 of 202. Which is a method of preparing Trial Balance?VerticalAnalyticalComparativeStatutoryQuestion 2 of 203. Discount Received Account is aAssetIncomeLiabilityExpenseQuestion 3 of 204. What is the first step in posting to the ledger?Balancing the ledgerPreparing trial balanceOpening ledger accountTransferring cashQuestion 4 of 205. Ledger balances are used to prepareTrial balanceDay bookJournalInvoiceQuestion 5 of 206. A ledger has how many main parts?OneTwoThreeFourQuestion 6 of 207. In case of purchase return, which account is credited?PurchaseSalesPurchase ReturnSales ReturnQuestion 7 of 208. When credit purchases are made, which account is credited?CashSupplier’sSalesDebtor’sQuestion 8 of 209. What is shown on the credit side of a Sales Account?PurchasesSales madeSales returnCash receivedQuestion 9 of 2010. The term ‘b/d’ in the ledger stands forBrought downBought debitBook debitBooked downQuestion 10 of 2011. Posting from Cash Book is made intoTrial balanceLedger accountsJournalVoucherQuestion 11 of 2012. Petty cash is used toDeposit large amountsIssue chequesPay small expensesOpen accountsQuestion 12 of 2013. Which book serves as both journal and ledger?Sales BookPetty Cash BookCash BookPurchase BookQuestion 13 of 2014. Debit side of a cash account includesPaymentsExpensesCash receivedLossQuestion 14 of 2015. Trial balance includesOnly journal entriesOnly credit balancesBoth debit and credit balancesOnly expensesQuestion 15 of 2016. When an account is closed, the closing balance is shown asOpening balanceBy balance b/dTo balance c/dZero balanceQuestion 16 of 2017. Which of the following accounts will appear in the ledger?SalaryElectricity billCashAll of theseQuestion 17 of 2018. Sales Return Account showsDebit balanceCredit balanceZero balanceNo balanceQuestion 18 of 2019. Closing balance of Capital Account is carried forward asAssetLiabilityIncomeExpenseQuestion 19 of 2020. A Trial Balance must alwaysMatchDifferBe approximateShow net profitQuestion 20 of 20 Loading...
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