General Ledger MCQs

Written by True Tamplin, BSc, CEPF®

Reviewed by Subject Matter Experts

Updated on March 26, 2023

Take this quick test on the general ledger to help you prepare for your exams, interviews, or different tests.

If you find it difficult to answer any of these multiple choice questions (MCQs), you can read about the general ledger on this website.

1. Which one of the following is known as the king of all books of accounts?
2. Transferring information from the journal to the ledger is known as:
3. Which of the following accounts is expected to have a debit balance?
4. The collection of all accounts in a business enterprise is known as the:
5. An account with a credit balance in the general ledger is classified as:
6. The process of finding out the balance of a ledger account is known as:
7. The left hand side of a ledger account is known as the:
8. In a ledger account, the difference between the total of the debit side and the total of the credit side is known as the:
9. If the total of the debit side exceeds the total of the credit side, the ledger account is said to have a:
10. In accounting, the abbreviation Dr. is used for:
11. If an account has a credit balance, it means:
12. In accounting, the term credit is usually abbreviated as:
13. Which of following types of accounts normally have a credit balance?
14. In a ledger account, if total of the debit side is equal to the total of the credit side, the account is said to have a:
15. A non-zero balance in a ledger account represents:
16. Which of the following correctly represents the sequence of the accounting cycle?
17. The book in which business transactions are recorded in classified form is the:
18. The function of the ledger is:
19. A separate record for each account is maintained in the:
20. Sundry debtors is the total of all balance on:
21. Double Entry Accounting System is successfully applied through:
22. The process of transferring data from journal to ledger is called:
23. Ledger is a book in which accounts are opened:
24. Ledger is also called:
25. Difference between two sides of an account is:

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About the Author

True Tamplin, BSc, CEPF®

True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.

True is a Certified Educator in Personal Finance (CEPF®), author of The Handy Financial Ratios Guide, a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.

To learn more about True, visit his personal website or view his author profiles on Amazon, Nasdaq and Forbes.