Bookkeeping Ledgers Quiz
10 Questions
| Total Attempts: 3088
Take the quiz to see if you can remember the basics of bookkeeping ledgers.
Questions and Answers
- 1.Tick the three main ledgers used in double-entry bookkeeping
- A.
The chart of accounts
- B.
General ledger
- C.
Accounts receivable ledger
- D.
Bookkeeping software
- E.
Journals
- F.
Accounts payable ledger
- 2.What does each page of the general ledger represent?
- A.
A debit account
- B.
A journal entry
- C.
An account from the chart of accounts
- 3.Where is the information in the general ledger posted from?
- A.
Accounting source documents
- B.
General journal
- C.
Bank account
- D.
Option 4
- 4.One ledger page shows both the debit and credit sides of a single business transaction.
- A.
True
- B.
False
- 5.Accounts receivable ledgers and accounts payable ledgers are...
- A.
Subsidiary ledgers
- B.
Sub-standard ledgers
- C.
Substantial ledgers
- D.
Option 4
- 6.What standard format is a ledger in?
- A.
O
- B.
H
- C.
T
- 7.Which side of any ledger do debits go on?
- A.
Left
- B.
Right
- C.
Middle
- 8.One of the things a ledger is good for is...
- A.
Keeping a running tally of each account
- B.
Producing reports
- C.
Both of the above
- 9.What is another name for the general ledger?
- A.
Book of numbers
- B.
Book of accounts
- C.
Book of final entry
Bookkeeping is the most essential and crucial fundamental term in accounting for managing financial transactions. And if you are in this area of study or work, you must take this quick test on the same. So, welcome to Bookkeeping...
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Sample QuestionA source document is:
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Sample QuestionRecording in the general journal is for:
Before attempting this short quiz you should have watched the video "Principles of Double Entry Bookkeeping Part 2"You are allowed 30 minutes to complete the quiz.Good Luck!
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