Main objective of preparing ledger account is to 

(a)

Ascertain the financial position

(b)

Ascertain the profit or loss

(c)

Ascertain the profit or loss and the financial position

(d)

Know the balance of each ledger account

J. F. means ___________

(a)

Ledger page number

(b)

Journal page number

(c)

Voucher number

(d)

Order number

___________ is known as principal book of accounts because It is very useful for a business enterprise.

(a)

Journal

(b)

Ledger

(c)

Balance Sheet

(d)

Trial Balance

The ledger account is prepared in ______________ format.

(a)

U

(b)

T

(c)

V

(d)

Vertical

Personal and real accounts are _____________

(a)

closed

(b)

balanced

(c)

closed and transferred

(d)

opened

The column of ledger which links the entry with Journal is _________________

(a)

L.F. Column

(b)

J.F. Column

(c)

Particulars Column

(d)

Amount Column

Nominal account having Debit balance represents _________________

(a)

income/gain

(b)

expenses/losses

(c)

liability

(d)

assets

Normally, in a majority of business concern, the ledger is a _______________

(a)

Sheet

(b)

Bound note book

(c)

loose-leaf Ledger

(d)

journals

Entry in which more than one transactions are recorded is called _______________

(a)

compound entry

(b)

single entry

(c)

double entry

(d)

journal entry

Cash received from Madhan is to be posted to his account on ________________

(a)

credit Side

(b)

debit side

(c)

both side

(d)

no side