Practice - Relationship Between Journal, Ledger, and Trial Balance
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Practice Questions
Test your understanding with targeted questions
What does the Journal record?
💡 Hint: Think about the order in which business activities occur.
What is the purpose of the Ledger?
💡 Hint: Consider how data is structured in accounting.
4 more questions available
Interactive Quizzes
Quick quizzes to reinforce your learning
What order do the Journal, Ledger, and Trial Balance follow?
💡 Hint: Consider the flow of data in accounting.
True or False: The Ledger provides a summary of transactions.
💡 Hint: Think about how data is grouped together.
1 more question available
Challenge Problems
Push your limits with advanced challenges
A company records a sale in the Journal for ₹5,000 cash. The corresponding entry in the Ledger is missed. How does this affect the Trial Balance?
💡 Hint: Think about why both sides need to balance.
If a transaction for Supplies purchased on credit is recorded as a cash sale, explain the overall effect on the Ledger and subsequently the Trial Balance.
💡 Hint: Consider the implications of misclassifying entries.
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Reference links
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