Practice - Journal, Ledger, and Trial Balance
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Practice Questions
Test your understanding with targeted questions
What is the purpose of a Journal in accounting?
💡 Hint: Think about where transactions are first logged.
Define a Ledger.
💡 Hint: Consider what happens after transactions are recorded in the Journal.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What is the primary purpose of a Journal?
💡 Hint: Consider where transactions are first documented.
A Trial Balance is used to check the accuracy of which?
💡 Hint: Recap the definition we discussed about the Trial Balance.
1 more question available
Challenge Problems
Push your limits with advanced challenges
A journal entry records a sale of ₹10,000 in cash. After posting to the Ledger, a Trial Balance shows Cash at ₹8,000 and Sales at ₹10,000. What kind of error can be inferred from this scenario?
💡 Hint: Consider what could cause the Cash figure to be understated.
Create a Trial Balance for the following accounts and ensure it balances:
- Cash A/c: ₹5,000
- Sales A/c: ₹5,000
- Expenses A/c: ₹2,000
- Liabilities A/c: ₹3,000
💡 Hint: Calculate both sides and consider adjustments needed to achieve balance.
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