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Question Practice

How is the balance in a ledger account determined?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Accountancy
Financial Accounting - I
Recording of Transactions - I
Question Bank

How is the balance in a ledger...

Single Answer MCQ
Q-00053940

How is the balance in a ledger account determined?

1

By subtracting debits from credits

2

By adding all transactions in the period

3

By consulting the trial balance

4

By using calculator software

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