Financial AccountingExercise- The Accounting Cycle

1. Which one of the following is called the book of primary Entry?

2. Details of individual accounts are kept in a separate register / ledger called

3. Which of the following item is found in a Journal entry? (1) Date of each transaction (2) Rupee amount of each debit and credit (3) Explanation of each transaction

4. What is the next step to Journalizing in Accounting cycle?

5. Which of the following particular is NOT included in journal voucher?

6. Which of the following is a FIRST product of accounting cycle?

7. The process of transferring journal entry information to the ledger is called

8. Which of the following is Not a part of General Ledger?

9. Which of the following item is found in a Journal entry? (1) Date of each transaction (2) Amount of each debit and credit (3) Explanation of each transaction

10. In an account if credit side > debit side, the balance is known as