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WorksheetsPOSTING TO THE LEDGER
Total questions: 10
Worksheet time: 3mins
what step/s of the accounting process does posting to the ledger and trial balance preparation?
2
2&3
1
3&4
It is the second phase of accounting.
recording
classifying
summarizing
a visual presentation of the journal entries recorded in a general ledger account
T-Account
T format
The following accounts belonged to what type of ledger?
1. Accounts Receivable - Company ABC
2. Accounts Receivable - Company DEF
3. Accounts Receivable - Company GHI
Posting to the Ledger
Trial Balance Preparation
General Ledger
Subsidiary Ledger
This T format graphically depicts the debits on the left side of the T and the credits on the right side.
true
false
the amounts of debit and credit are being totaled and usually done at the end of each month
footing
open balance
open account
t format
does not prove that transactions have been correctly analyzed and recorded in the proper account but only to see that the ledger is equal of debits and credits.
footing
trial balance
open account
ledger
this is an example of
trial balance of balance
trial balance of total
open account
closed account
While Journal is known as "Books of Original Entry", Ledger is known as
Books of Accounting
Posting to the Ledger
Books of Final Entry
Books of Grape
Errors and omissions are very common to occur because of the volume of works to be done which may result a trial balance to be still in balance or out of balance.
true
false
