Multiple Choice Questions on Transferring the debit and credit item from the journal to the respective accounts is done in ........ for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

Transferring the debit and credit item from the journal to the respective accounts is done in ........

Accountancy (Phase -I & II) Accounting cycles
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    Transferring the debit and credit item from the journal to the respective accounts is done in

    Compound Journal

    Incorrect Answer

    Ledger

    Correct Answer

    Trial balance

    Incorrect Answer

    None of these

    Incorrect Answer
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    Explanation:

    All the accounting transactions are first recorded in journal in chronological order. These journal entries are to be transferred to individual account opened in ledger. 

    By: SWAPNIL AGGARWAL
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    Let's Discuss

    Ram

    The ans should be POSTING not Ledger

    0 0 reply

    Ram

    The ans should be POSTING not Ledger

    0 0 reply

    robin yadav

    IS CALLED POSTING LEDGER IS WHERE YOU TRANSFER KINDLY CORRECT ME IF I AM WRONG

    0 0 reply

    Ankur sharma

    posting means to transfer an item from journal to ledger, hence use of word transferring is also correct

     0 0 reply

    Abhishek Bisht

    The process is called posting.Please recheck the language of the question

    0 0 reply

    Ankur sharma

    transfer is also right

     0 0 reply
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