Dive into the fundamentals of general ledger management with this trivia quiz. Explore key concepts such as ledger adjustments, posting transactions, and understanding debits and credits. Ideal for learners aiming to enhance their accounting skills and knowledge in financial record keeping.
Rs. 35,000
Rs. 30,000
Rs. 37,000
Rs. 32,000
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Casting
Balancing
Journalizing 12
Posting
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Credit
Unfavourable
Debit
Favourable
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A revenue or an asset
An expense or an asset
A revenue or a liability
None of the three
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Debtors ledger
General ledger
Creditors ledger
Both (a) and (c)
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Revenue
Expense
Debit
Similar
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Debit balance
Credit balance
Negative balance
None of the above
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Wages outstanding account
Loan to contractor
Debtors Account
Goodwill
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Decrease in capital
Decrease in Liability
Increase in Assets
All of the above
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Negative balance
Debit balance
Credit balance
None of these
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Rs. 175,000
Rs. 170,000
Rs. 180,000
Rs. 178,000
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Increase liability
Decrease assets
Increase assets
Both (a) and (c)
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56,000
70,000
60,000
65,000
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Debit side of that ledger account.
Credit side of that ledger account.
End of that ledger account as a footnote.
None of the above.
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Bank Loan.
Bad debts recovered.
Salary payable.
Drawings.
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Balances; Total and balances.
Opening Balances; Closing balances
Posted balances; Total of balances
Debt balance; Credit balance
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Sales returns.
Bills receivable,
Carriage inwards.
Outstanding wages
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To balance b/d.
To balance c/d.
By balance b/d.
By balance c/d.
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Debentures A/c
Carriage inward
Prepared insurance
Bills receivable
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Lncrease liability
Decrease assets
No change in the total assets
Increase assets
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Rs.51,300.
Rs.66,000
Rs.65,000
Rs.66,500
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Rs 2,350
Rs. 2,000
Rs.2,200
Rs.2,150
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Decrease in Cash
Increase in Liability
Increase in cash
None of the three
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4
6
8
10
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Petty cash is an asset
In case of debt becoming bad the amount should be credited to bad debts A/c
Plant & Machinery is a fixed assets
Goods distributed as sample is credited to Purchases A/c
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Rs 2000
Rs 3000
Rs.4000
None of the three
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Reserve for doubtful debts account
Outstanding wages
Capital account (Machinery brought in business)
Loan to contractor
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Decrease in total liabilities
Increase in total assets
Decrease in total assets
No effect of total of assets
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To balance b/d
To balance c/d
By balance b/d
By balance c/d
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Quiz Review Timeline (Updated): Oct 21, 2024 +
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FI - GL (Post Session)
This quiz assesses knowledge on general ledger management, including subledger postings, parked documents, GL account structures, financial basis, and internal numbering systems.
Questions:
15 |
Attempts:
140 |
Last updated:
Aug 07, 2024
|
Pre-Assessment Test - General Ledger
Let's see how have you learned based on webinars and recordings.
Questions:
10 |
Attempts:
2998 |
Last updated:
Mar 21, 2023
|
FI - GL (Post Session)
This quiz assesses knowledge on general ledger management, including subledger postings, parked documents, GL account structures, financial basis, and internal numbering systems.
Questions:
15 |
Attempts:
140 |
Last updated:
Aug 07, 2024
|
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