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11th Standard English Medium Accountancy Subject Ledger Creative 2 Mark Questions with Solution Part - II Question Bank Software Jun-28 , 2021

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11th Standard English Medium Accountancy Subject Ledger Creative 2 Mark Questions with Solution Part - II

11th Standard English Medium Accountancy Subject Ledger Creative 2 Mark Questions with Solution Part - II

11th Standard

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Accountancy

Time : 00:30:00 Hrs
Total Marks : 10
    5 x 2 = 10

  1. Write short notes on 'Nil Balance'.

  2. A trader has been selling goods both on cash and credit bases. Most of the goods are sold on credit. The owner has lost track of 'who has to pay how much?' Is there any quick way to get this information?

  3. What will happen if an account debited or credited is left out while posting from journal to ledger?

  4. What will happen to the ledger account postings? Do you think that it will continue for an indefinite period of time? Where will the accounting process stop?

  5. What is a Loose-Leaf Ledger?

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