Format of an Account

Q.

Which of the following is not a type of account?

1. Capital

2. Asset

3. Trial Balance

4. Liability

Q.

Explain the meaning of posting of journal entries.

Q. The column of ledger which links the entry with journal is ___ .

1. L.F. Column
2. Debit column
3. Credit column
4. J.F. Column

Q. Answer in one Sentence only.

Write the meaning of Ledger Folio.

Q. Answer in once sentence only.

Why is journal called the Book of Prime Entry?

Q. Answer in once sentence only.

Which column in a journal is not filled in at the time of journalising?