Pick out the wrong one from the following statements.

In ledger account debit is one left hand side and credit on right hand side.

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Ledger takes care of only real and nominal accounts of an enterprise.

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Name of the account in ledger is written in the top middle of the account.

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Ledger account is divided into two sides.

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Solution

The correct option is B Ledger takes care of only real and nominal accounts of an enterprise.
Ledger takes care of only real and nominal accounts of an enterprise.

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Similar questions

Write the word, term, phrase, Which can substitute each of the following statement.

1) Transfer of a Journal entry from Journal to ledger.
2) Total of Debit side of an A/c is more than total of Credit side of an A/c.
3) Page number of ledger.
4) A book of an account in which all ledger accounts are maintained.
5) Left hand side of an account.
6) Right hand side of an account.
7) Types of accounts which are not balanced but transferred to Trading A/c or Profit & Loss A/c.
8) Bound book of accounts.
9) An account where total of Purchases Book is posted.
10) A statement of accounts prepared from the balances of ledger account.

When there is only one entry in an account on the credit side, then what shall be the balance of that ledger account?

Give one word, term or phrase for the following statement:

1) A List of Debit Balances and Credit balances in the ledger.
2) A Statement prepared to provide the base for preparing the final accounts.
3) A statement is prepared without balancing the ledger account.
4) Mention the side where goodwill A/c is appeared in the Trial Balance.
5) A List of both Ledger balances which is prepared after the closing of ledger Accounts.

When balance of an account is a debit balance, on which side of the ledger account is the entry for balancing done?

The total on the debit side of the cash account of a company is Rs 27600, while the total on the credit side is Rs 20500. What shall be the balance of the cash account as at year end & on which side of the ledger account will it be written?

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Pick out the wrong one from the following statements.

The correct option is B Ledger takes care of only real and nominal accounts of an enterprise.Ledger takes care of only real and nominal accounts of an enterprise.

The correct option is B Ledger takes care of only real and nominal accounts of an enterprise.
Ledger takes care of only real and nominal accounts of an enterprise.