Practice Relationship Between Journal, Ledger, and Trial Balance - 16.4 | 16. Journal, Ledger, and Trial Balance | Management 1 (Organizational Behaviour/Finance & Accounting)
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Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What does the Journal record?

💡 Hint: Think about the order in which business activities occur.

Question 2

Easy

What is the purpose of the Ledger?

💡 Hint: Consider how data is structured in accounting.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What order do the Journal, Ledger, and Trial Balance follow?

  • Ledger → Journal → Trial Balance
  • Journal → Ledger → Trial Balance
  • Trial Balance → Ledger → Journal

💡 Hint: Consider the flow of data in accounting.

Question 2

True or False: The Ledger provides a summary of transactions.

  • True
  • False

💡 Hint: Think about how data is grouped together.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

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.

Question 2

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.

Challenge and get performance evaluation