All entries are posted from journal to _______.

Ledger

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Balance Sheet

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Trial Balance

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Cash A/c

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Solution

The correct option is A Ledger
The first step involves identifying the transactions to be recorded and preparing the source documents which are in turn recorded in the basic book of original entry called journal and are then posted to individual accounts in the principal book called ledger.

The process of transferring journal entry to the individual accounts is called posting.
This sequence causes the journal to be called the Book of Original Entry and the ledger account is the Principal Book of Entry.

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Similar questions

Q. Select the most appropriate alternatives from those given below and rewrite the sentence :

All entries are posted from Journal to ________.
a) Ledger
b) Balance sheet
c) Trial balance
d) Cash A/c

Q. Pass journal entries to rectify the following errors. The trial balance had ₹ 1,260 excess credit. The difference has been posted to a suspense account:
(i) The total of returns inwards book has been cast ₹ 2,000 short.
(ii) The purchase of an office table costing ₹ 6,000 has been passed through the purchases day book.
(iii) A sum of ₹ 7,500 paid to workman for wages for making showcases has been charged to wages account.
(iv) A purchase of ₹ 1,340 has been posted to the creditor's account as ₹ 600.
(v) A cheque of ₹ 4,000 received from Y has been dishonoured; it has been posted to the debit of allowances account.
After passing journal entries, prepare the suspense account.

Debtors were shown in balance sheet at Rs 80,000.

Debtors were realised at a discount of 7%.

The journal entry will be-

Q. Prepare Journal Entries of the following postings :-

(I) Dr.

PURCHASES A/C

Cr.

	₹		₹
To Cash A/c	2,000

(II) Dr.

SALARIES A/C

Cr.

	₹		₹
To Cash A/c	1,500

(III) Dr.

INTEREST A/C

Cr.

	₹		₹
		By Cash A/c	800

(IV) Dr.

MOHAN

Cr.

	₹		₹
To Cash A/c	5,000

A book-keeper of a trading concern having failed to agree to the trial balance opened a suspense account and entered the difference in the trial balance.

The following errors were subsequently discovered.

(i) Goods sold to Manohar for Rs. 550 was posted as Rs. 5,500 in Manohar's account.

(ii) Purchases return book was carried forward as Rs. 1,220 instead of Rs. 1,120.

You are required to pass the journal entries for rectification of the above errors.

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