Transferring entries from journal to ledger account is commonly known as____________?

Related Mcqs:

Trial balance is prepared to check accuracy of_______________?

A. Ledger accounts balances B. Balance sheet balances C. Income statement balances D. Cash flow statement balances...

________ is the common base for preparing a trial balance?

A. Ledger accounts B. General Journal C. Specialized journals D. Balance sheet...

If debit side of a bank account is greater than credit side it indicates which of the following?

A. Cash at bank B. Bank understatement C. Bank overdraft D. Balance overstatement...

Which of the following is known as the base for preparing trial balance?

A. Journal B. Cash account C. Ledger account D. Balance sheet...

Which of the following accounts are closed at the end of an accounting period?

A. Nominal accounts B. Balance sheet accounts C. Real accounts D. None of them...