The Full Wiki

More info on General ledger

General ledger: Quiz


Question 1: The purpose of the trial balance is, at a preliminary stage of the ________ preparation process, to ensure the equality of the total debits and credits.
Annual reportInternational Financial Reporting StandardsBalance sheetFinancial statements

Question 2: The ________ and the income statement are both derived from the general ledger.
AccountancyBalance sheetAssetEquity (finance)

Question 3: The accounting equation is the mathematical structure of the ________.
Balance sheetAssetAccountancyEquity (finance)

Question 4: The general ledger, sometimes known as the nominal ledger, is the main ________ record of a business which uses double-entry bookkeeping.
Sarbanes–Oxley ActAccountancyProto-ElamiteBalance sheet

Got something to say? Make a comment.
Your name
Your email address