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Types of Accounts

What is the d...

Question

What is the difference between a General Ledger and a ledger?

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Solution

A general ledger comprises all the combined balances of accounts. Whereas, a ledger contains the balance of each account.

Also see:

MCQs on Ledger

Ledger in Accounting

What Is General Ledger?

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Q. State whether the following statements are ‘True or False”.

1) Ledger is known as the book of original entry.
2) Narration is not necessary in ledger.
3) All accounts are closed down at the end of the accounting year.
4) Recording of a transaction in Journal is called posting.
5) Balance of personal account is brought down for the next year.
6) All transactions are recorded directly in ledger.
7) Ledger Folio and index is necessary for ledger.
8) Ledger posting is not necessary for Journal Proper.
9) Ledger Folio is recorded in Journal.
10) Ledger posting is made before passing Journal entry.

Q. Difference between opening ledger ( ledger on 1 april ) and closing ledger ( ledger on 31 march ) .

what is the difference between c/d and b/d in ledger?

Accounts payable or creditors ledgers will generally have a _____ balance.

Distinguish between journal and ledger?

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