Are ledger accounts balanced?
Ledger accounts are necessary to be balanced as it is required to find out the differences between debits and credits at the end of an accounting period.
2017
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.
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.
From the following Subsidiary Books prepare necessary ledger accounts and balance them.
From the following Subsidiary Book Prepare necessary ledger accounts and balance them.