Ledger Folio is recorded in the journal.

1 Answer

Answer :

State whether the following statement are ‘True or False’ with reason : Ledger Folio is recorded in the journal.

Related questions

Description : Ledger Folio and index are necessary for the ledger.

Last Answer : State whether the following statement are ‘True or False’ with reason : Ledger Folio and index are necessary for the ledger.

Description : Peachtree, inputting income through general journal and having it show up on the general ledger?

Last Answer : I don't know much about this program. I would almost guess that the opposite problem would happen with journal entries, where they would show up in the GL and not on an Income Statement. Are you ... a few years since I did any proper accounting and I hope something I've mentioned here might help.

Description : Complete the following table : Ledger Journal

Last Answer : Complete the following table : Ledger Trial Balance Journal ?

Description : Ledger posting is made before journal entry.

Last Answer : State whether the following statement are ‘True or False’ with reason : Ledger posting is made before journal entry.

Description : Ledger posting is not necessary for journal proper.

Last Answer : State whether the following statement are ‘True or False’ with reason : Ledger posting is not necessary for journal proper.

Description : ____________ is the act of transferring an entry from journal to ledger. 

Last Answer : ____________ is the act of transferring an entry from journal to ledger. (a) Journalising (b) Casting (c) Balancing (d) Posting

Description : Totalling of Journal or Ledger is called as _________

Last Answer : Totalling of Journal or Ledger is called as _________ (a) Posting (b) Folio (c) Casting (d) Journalising

Description : Under vouching, checking is done of– (A) Journal and Ledger (B) Profit and Loss Account (C) Balance Sheet (D) All of the above

Last Answer : Answer: All of the above

Description : Primary book" maintained in a business is 1. Journal 2. Ledger 3. Cash book 4. Account book 5. None of these

Last Answer : Journal

Description : After the adjusting entries are journalized and posted to the accounts in the general ledger, the balance of each account should agree with the balance shown on the a. adjusted trial balance. b. post-closing trial balance. c. the general journal. d. adjustments columns of the worksheet.

Last Answer : a. adjusted trial balance.

Description : All transactions are recorded directly in the ledger.

Last Answer : State whether the following statement are ‘True or False’ with reason : All transactions are recorded directly in the ledger.

Description : Which one of the following statements is false ? (A) A Demat Share' is held by the depository on behalf of the investor whereas a Physical Share' is held by the investor himself (B) There is no ... number like a Physical Share' (D) The Demat Share' cannot be converted into a Physical Share'

Last Answer : Answer: The ‘Demat Share’ cannot be converted into a ‘Physical Share’

Last Answer : Cash Receipt In the journal Recorded Is in cash Products Sale '

Description : Transactions can be recorded in any order in the Journal.

Last Answer : Correct the following statement and rewrite the statement : Transactions can be recorded in any order in the Journal.

Description : In which order the transactions are recorded in a journal.

Last Answer : In which order the transactions are recorded in a journal.

Description : What's the difference between Ledger Balance and Current Balance on a bank's web site?

Last Answer : answer:Most likely it is for charges that have been issued but not cleared. For example Amazon does a few things when you order from them. There is a initial We call dibs on $200 from this ... only really takes your money after the item ships. That is when it should go from Ledger to Current.

Description : Heath Ledger was found dead. Which celebrity is next?

Last Answer : answer:We’ve already had our 3 in a row—Brad Renfro, Suzanne Pleshette, and now Heath Ledger. So celebrities can breathe easy. Although my next-to-die vote is Pamela Anderson.

Description : Who had a better performance then Heath Ledger this year?

Last Answer : let’s not get our heads in the clouds yet… The year isn’t over…

Description : Can Heath Ledger get an Oscar now he's passed away?

Last Answer : Yes.

Description : what It is the sol-fa syllable of the note placed on the ledger line below the staff?

Last Answer : sorry guys if i put a wrong sentence dont read the what just read the beggining in it

Description : A list of balances of all the accounts in ledger is called __________ 

Last Answer : A list of balances of all the accounts in ledger is called __________ (a) Balance Sheet (b) Profit and ... c (c) Trading A/c (d) Trial Balance

Description : (i) An error in which the transaction is entered in the original book but not posted into the ledger.

Last Answer : Give one word/term or phrase for each of the following statements : (i) An error ... Errors can be rectified without passing rectification entries.

Description : (i) __________ book is an extract of customer’s account in the ledger of bank.

Last Answer : Complete the following sentences: (i) __________ book is an extract of customer's account in ... to suppliers are recorded is known as _______

Description : Narration is not necessary for a ledger.

Last Answer : State whether the following statement are ‘True or False’ with reason : Narration is not necessary for a ledger.

Description : Ledger accounts are balanced every day.

Last Answer : State whether the following statement are ‘True or False’ with reason : Ledger accounts are balanced every day.

Description : ____________ is prepared from the balances in the ledger accounts. 

Last Answer : ____________ is prepared from the balances in the ledger accounts. (a) List (b) Journal (c) Book (d) Trial Balance

Description : (i) A book of accounts in which all ledger accounts are maintained.

Last Answer : Write the word, term, phrase, which can substitute each of the statement : (i) A book of ... 's prepared from the balances of the ledger account.

Description : From which books of accounts posting is made in the Ledger?

Last Answer : From which books of accounts posting is made in the Ledger?

Description : The work of accounting depends upon ____________ (a) book-keeping (b) cash book (c) subsidiary books (d) ledger

Last Answer : The work of accounting depends upon ____________ (a) book-keeping (b) cash book (c) subsidiary books (d) ledger

Description : Why ledger Called the book of final entry?

Last Answer : Need answer

Description : Did Heath Ledger die?

Last Answer : Heath Ledger died on January 22, 2008 at the age of 28.

Description : HOW MANY SEGMENTS ARE THERE IN THE KEY FLEXFIELD(S) IN ORACLE GENERAL LEDGER?

Last Answer : - Oracle GL Key flexfield can have 15 columns each representing a segment. However, the segments type can be:  Cost Center segment  Balancing segment  Account segment  Intercompany segment

Description : An advice of transfer in form SB-9 is prepared in ______ by a) APM, duplicate b) APM, single c) Postmaster , duplicate d) Ledger assistant, duplicate

Last Answer : d) Ledger assistant, duplicate

Description : present the Counter Assistant is authorized to receive deposits and allow withdrawals up to Rs.--------------/- in savings accounts only under his own power without showing the documents to the Ledger Assistant and the Supervisor. a) 5000 b) 2000 c) 4000 d) None of these

Last Answer : a) 5000

Description : To supply of saving bank ledger copy Rs _____ will be charged a) 10 per ledger copy b) Rs 5 per every thirty entry c) Rs 2 per every thirty entries or part there of d) Free

Last Answer : c) Rs 2 per every thirty entries or part there of

Description : The following records may not be destroyed without the special permission of the Head of the Circle a) Post office order book b) Register of undeliverable pass books in deposit in the head office c) ... or connected with the cases which have not been fully decided or closed e) All the above

Last Answer : e) All the above

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Last Answer : Shoe, ledger plate, wearing plate, knife, knife section, etc.

Description : Which one of the following statements concerning the accounting cycle is incorrect? a. The accounting cycle includes journalizing transactions and posting to ledger accounts. b. The accounting cycle includes ... sequence. d. The steps in the accounting cycle are repeated in each accounting period.

Last Answer : b. The accounting cycle includes only one optional step.

Description : Which of the following steps in the accounting cycle would not generally be performed daily? a. Journalize transactions b. Post to ledger accounts c. Prepare adjusting entries d. Analyze business transactions

Last Answer : c. Prepare adjusting entries

Description : . Which one of the following is an optional step in the accounting cycle of a business enterprise? a. Analyze business transactions b. Prepare a worksheet c. Prepare a trial balance d. Post to the ledger accounts

Last Answer : b. Prepare a worksheet

Description : he step in the accounting cycle that is performed on a periodic basis (i.e., monthly, quarterly) is a. analyzing transactions. b. journalizing and posting adjusting entries. c. preparing a post-closing trial balance. d. posting to ledger accounts.

Last Answer : b. journalizing and posting adjusting entries.

Description : A double rule applied to accounts in the ledger during the closing process implies that a. the account is an income statement account. b. the account is a balance sheet account. c. the account balance is not zero. d. a mistake has been made, since double ruling is prescribed.

Last Answer : a. the account is an income statement account.

Description : Which account listed below would be double ruled in the ledger as part of the closing process? a. Cash b. Retained Earnings c. Dividends

Last Answer : c. Dividends

Description : A post-closing trial balance should be prepared a. before closing entries are posted to the ledger accounts. b. after closing entries are posted to the ledger accounts. c. before adjusting entries are posted to the ledger accounts. d. only if an error in the accounts is detected.

Last Answer : b. after closing entries are posted to the ledger accounts.

Description : Stores Ledger is a:  (a) Quantitative as well as value wise records of material received, issued and balance; (b) Quantitative record of material received, issued and balance (c) Value wise records of material received, issued and balance (d) a record of labour attendance

Last Answer : (a) Quantitative as well as value wise records of material received, issued and balance;

Description : Which of these is not a Material control technique: (a) ABC Analysis (b) Fixation of raw material levels (c) Maintaining stores ledger (d) Control over slow moving and non moving items

Last Answer : (c) Maintaining stores ledger

Description : Sales Ledger Administration is available in the following factoring services_____ a. Without Recourse factoring b. With recourse factoring c. Invoice discounting

Last Answer : c. Invoice discounting

Description : Which of the following is wrong? (a) All real and personal accounts are transferred to balance sheet (b) Nominal accounts are transferred to P &L account (c) Each account is opened separately in ledger (d) Rent is a personal account, outstanding rent is nominal account

Last Answer : d) Rent is a personal account, outstanding rent is nominal accoun

Description : State the importance of following documents in transportation. i) Log-book ii) Vehicle Ledger.

Last Answer : 1) Log Book: Each vehicle has a log book which contains the details about the running time for a trip and allied factors. The driver of motor vehicle fills or updates log book regularly ... Thus the vehicle ledger is collective record of the trips exposing the financial aspect of transportation.