LEDGER

When a transaction is posted to a ledger account, which of the following is recorded?

• A) Date of the transaction
  

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  B) Transaction amount
  

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  C) Account title
  

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  D) All of the above

In which column of a ledger account would a debit entry be recorded?

• A) Credit column
  

• B) Debit column
  

• C) Date column
  

• D) Balance column

What is the purpose of posting journal entries to ledger accounts?

• A) To provide a chronological record of transactions
  
  
  

• B) To ensure compliance with accounting standards

• C) To summarize financial data for decision-making

• D) To maintain a detailed record of individual account balances

Which of the following is NOT a step in posting journal entries to ledger accounts?

• A) Determining the account titles affected
  
  
  

• B) Calculating the trial balance

• C) Recording the transaction amounts

• D) Verifying the accuracy of postings

Paid salary to Ram. Find the accounts involved with the effect of this transactions.

• Ram Debit

  Salary credit

• Salary Debit

  Cash Credit

• Salary Debit

  Ram Credit

• Cash Debit

  Ram Credit