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.
QUIZ START
#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?
