Account class 11 Ledger

1. While posting in personal account from the purchase book, posting is done ;

2. Which of the following account always shows a debit balance ;

3. Received Rs 4,900 from garima in full settlement of Rs 5000. Posting of Rs 100 will be made to the ;

4. Paid to jigyasa Rs 11,500 in full settlement of Rs 12,000. Posting will be made in jigyasa’s A/c ;

5. Proprietor of the business withdrew goods for business for private use. it will be posted  to the ;

6. The total of purchase return column of purchases return book will be posted to the ;

7. Purchased goods from manoj of Rs 20,000 at 20% trade discount posting will be made in manoj A/c ;

8. Dinesh who owned us Rs 8000 bacme insolvent and paid us 60% in full settlement. posting will be made to dinesh A/c ;

9. Total assets in a business are Rs 8,00,000 and total liabilities are Rs 5,00,000. The difference is called ;

10. Sold goods for cash of the list price of Rs 8000 at 10% trade discount and 3% cash discount. Posting will be made in Discount A/c ;

11. Normally, the following accounts are balanced ;

12. Which of the following is known as “Principle Book of Accounting”?

13. The credit balance of a personal account is………….