Bookkeeping Ledger Test

Question 1

What is the meaning of each page of the general ledger?

Accepted Answer

An account from the chart of accounts

Answer

A journal entry

Answer

A debit account

Question 2

Mark the three main ledgers that are utilized in double-entry accounting.

Accepted Answer

General ledger

Answer

The chart of accounts

Answer

Bookkeeping software

Answer

Journals

Question 3

Accounts payable and receivable ledgers are

Accepted Answer

Subsidiary ledgers

Answer

Substantial ledgers

Answer

Sub-standard ledgers

Question 4

Where did the general ledger information come from?

Accepted Answer

General journal

Answer

Bank account

Answer

Accounting source documents

Question 5

What is the usual format for a ledger?

Accepted Answer

T

Answer

H

Answer

O

Question 6

The debit and credit sides of a single business transaction are shown on the same ledger page.

Accepted Answer

False

Answer

True

Question 7

What is the general ledger's alternative name?

Accepted Answer

Book of final entry

Answer

Book of accounts

Answer

Book of numbers

Question 8

Debits are recorded on which side of the ledger?

Accepted Answer

Left

Answer

Right

Answer

Middle

Question 9

One of the functions of a ledger is to:

Accepted Answer

Both of the above

Answer

Producing reports

Answer

Keeping a running tally of each account