Give an example of a ledger account.

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Solution

An example of a ledger account is a cash account. Cash account records all the transactions pertaining to every individual account where the exchange/ transaction has taken place in cash. In simple words, it records all purchases and sales made in cash.

Also see:

MCQs on Ledger

Ledger in Accounting

What Is General Ledger?

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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.

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.

Q. (i) Give an example of a monomial of degree 5.
(ii) Give an example of a binomial of degree 8.
(iii) Give an example of a trinomial of degree 4.
(iv) Give an example of a monomial of degree 0.

Q. (i) Give an example of a binomial of degree 27.
(ii) Give an example of a monomial of degree 16.
(iii) Give an example of a trinomial of degree 3.

(i) Give an example of a monomial of degree 5.
(ii) Give an example of a binomial of degree 8.
(iii) Given an example of a binomial of degree 4.
(iv) Give an example of a monomial of degree 0.

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