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 : 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 : 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 : 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 : 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 Folio is recorded in the journal.
Last Answer : State whether the following statement are ‘True or False’ with reason : Ledger Folio is recorded in the journal.
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 : Why ledger Called the book of final entry?
Last Answer : Need answer
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 : Recording of a transaction in the journal is called posting.
Last Answer : State whether the following statement are ‘True or False’ with reason : Recording of a transaction in the journal is called posting.
Description : The process of entering or recording the transactions in the Journal is called posting.
Last Answer : Correct the following statement and rewrite the statement : The process of entering or recording the transactions in the Journal is called posting.
Description : Posting implies recording a transaction in a journal.
Last Answer : State whether the following statement are true or false with reason : Posting implies recording a transaction in a journal.
Description : Give journal entry for adjusting profit made due to change in method of depreciation.
Last Answer : It can only be achieved by reducing rate of Dep retrospectively.
Description : The first required step in the accounting cycle is a. reversing entries. b. journalizing transactions in the book of original entry. c. analyzing transactions. d. posting transactions.
Last Answer : c. analyzing transactions.
Description : Why is a journal called the book of prime entry?
Last Answer : Why is a journal called the book of prime entry?
Description : What is the journal entry for January 4 purchase inventory of 4000 units at 8 per unit on account.?
Description : What was clarks entry into his journal when they reached the pacific?
Last Answer : great joy
Description : How do you post a journal entry for a HST refund?
Last Answer : Feel Free to Answer
Description : he journal entry to record a return of merchandise purchased on account under a perpetual inventory system would include a. Accounts Payable Sales Returns and Allowances b. Purchase Returns and ... Accounts Payable c. Accounts Payable Inventory d. Merchandise Inventory Cost of Goods Sold
Last Answer : d. Merchandise Inventory Cost of Goods Sold
Description : A credit memorandum is used as documentation for a journal entry that requires a debit to a. Sales and a credit to Cash. b. Sales Returns and Allowances and a credit to Accounts Receivable. c. ... and a credit to a contra-revenue account. d. Cash and a credit to Sales Returns and Allowances.
Last Answer : d. Cash and a credit to Sales Returns and Allowances.
Description : he journal entry to record a credit sale is a. Cash Sales b. Cash Service Revenue c. Accounts Receivable Service Revenue d. Accounts Receivable Sales
Last Answer : d. Accounts Receivable Sales
Description : The journal entry to record a return of merchandise purchased on account under a perpetual inventory system would credit a. Accounts Payable. b. Purchase Returns and Allowances. c. Sales. d. Merchandise Inventory.
Last Answer : d. Merchandise Inventory.
Description : Which is an example of primary data? A. journal entry B. survey C. census data D. news article
Last Answer : C. census data
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 : 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 : When a petty cash book is kept there will be A) No entries made at all in the general ledger for items paid by petty cash B) The same number of entries in the general ledger C) Fewer entries made in the general ledger D) More entries made in the general ledger
Last Answer : Answer: C
Description : A question about etiquette: Shoud I have asked their permission before posting candid pictures on Facebook?
Last Answer : Asking them is polite. Don’t identity them, unless they approve.
Description : What do you think about the hotel in Switzerland posting a sign for Jews to shower before entering the pool?
Last Answer : It's standard practise here for swimmers to shower before bathing and the rule applies to everyone. To say only Jews should shower makes no sense and is offensive but it is hardly an anti-Semitic ... situation is that it is part of a petty squabble between the hotel owner and some Jewish guests.
Description : A Riddle (please read details before posting answer): Five hundred begins it, five hundred ends it, five in the middle is seen; first of all figures, the first of all letters, take up their stations ... together, and then you will bring before you the name of an eminent king. What's the solution?
Last Answer : I think I have it. It took me about two or three minutes, I think. I probably cheated, because I did have to go look something up.
Description : What would you think about if Twitter and other social media required you to enter a captcha before posting to reduce bot presence?
Last Answer : I hate catpcha codes. Fell for a captcha ad spam recently and it took a lot of work to find the solution. I do not see as well as I once did. Having to read a captchas code can be difficult
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 : 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 : 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 : 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 : 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