Top 25 MCQ-Accounting Ledger
Test your accounting skills by practicing this easy and simple “Top 25 MCQ-Accounting Ledger”.
This will give you the confidence to perform well in any competitive examinations, such as a job interviews, school and college tests, and accounting tests, among others.
| Total MCQ: | 25 |
| Time: | 10 Minutes |
| Pass Mark: | 60 Percent |
So let’s get started.
#1. The word “ledger” comes from which word
#2. What is the permanent book of accounts?
#3. Ledger is prepared based on
#4. How many types of the personal ledger?
#5. How many types of the impersonal ledger?
#6. How many columns does a ledger have in the “T” format?
#7. How many columns does a ledger have in the “Modern” format?
#8. “B/F” means
#9. “C/D” means
#10. Equalizing the two sides of a ledger account is referred to as
#11. “C/F” means
#12. Ledger is called the
#13. The end-of-period balance of an account is referred to as
#14. Based on ledger balances, which of the following accounts is created?
#15. Which balance does each type of asset indicate?
#16. Credit Balance indicates—
#17. What balance does each form of income disclose?
#18. The meaning of the word “Ledger” is
#19. Debit Balance Generally indicates
#20. In “T”-format ledger accounts, what is written in the debit column?
#21. Which one is used to write the account’s opening balance?
#22. What is the name of the moving balance ledger format?
#23. What’s meant by a debit balance?
#24. The ledger is known as the “king of all books” since transactions are recorded-
#25. What is called the organized storage of accounting data?
Results
Congratulations on passing the quiz! Your dedication and effort have paid off. Keep up the great work!
Keep your spirits up! Failure is just a part of the journey to success. Best of luck for the next time!
You can also check:
Top 25 MCQ-
- Introduction to Accounting
- Accounting Transaction
- Account
- Double Entry System
- Journal
- Special Journal
- Cash Book
