Boost your JKSSB FAA 2026 preparation with these high-yield Ledger MCQs by Exam Waves. Practice important questions on Ledger, posting, balancing of accounts, debit and credit balances, and strengthen your Accountancy concepts for better exam performance.
Q1. Which of the following statements correctly describe a Ledger?
- The word “Ledger” has been derived from the Latin word “Ledger,” meaning “to contain.”
- It is called the king of all accounts.
- It includes transactions related to Personal, Real and Nominal Accounts.
- It is the summarised record of all transactions in the form of Asset, Liability, Expense and Income Accounts.
A) 1 and 2 only
B) 1, 2 and 3 only
C) 2, 3 and 4 only
D) 1, 2, 3 and 4
Answer: D
Q2. Consider the following statements regarding the characteristics of a Ledger:
- It is also called the principal book of accounts or book of secondary entries.
- It is also called a T-account.
- Narrations are not recorded in the Ledger.
- Transactions are written in analytical order in the name of the account.
Which of the statements given above are correct?
A) 1 and 2 only
B) 1, 2 and 3 only
C) 2, 3 and 4 only
D) 1, 2, 3 and 4
Answer: D
Q3. Match List I with List II and select the correct answer:
| List I | List II |
|---|---|
| A. Ledger | 1. Difference between two sides of an account |
| B. Posting | 2. Process of recording transactions in ledger |
| C. Balance | 3. King of all accounts |
| D. Balancing | 4. Making the two sides equal |
A) A-3, B-2, C-1, D-4
B) A-2, B-3, C-4, D-1
C) A-3, B-1, C-2, D-4
D) A-4, B-2, C-1, D-3
Answer: A
Q4. Assertion (A): The process of recording transactions in a Ledger is known as Posting.
Reason (R): Entries recorded in the Journal are posted into their respective accounts in the Ledger.
Choose the correct answer:
A) Both A and R are true, and R is the correct explanation of A
B) Both A and R are true, but R is not the correct explanation of A
C) A is true, but R is false
D) A is false, but R is true
Answer: A
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Q5. Which of the following are shown as examples of Ledger Account types?
- Asset A/c
- Liability A/c
- Expense A/c
- Income A/c
A) 1 and 2 only
B) 1, 2 and 3 only
C) 2, 3 and 4 only
D) 1, 2, 3 and 4
Answer: D
Q6. Seraj’s business has a Cash balance of ₹10,000 on 1 January. On 5 January, he invests another ₹5,000 in the business. Which of the following correctly represents the resulting Cash Account balance?
A) ₹5,000
B) ₹10,000
C) ₹15,000
D) ₹20,000
Answer: C
Q7. Mushtaq has a cash balance of ₹10,000 and subsequently introduces an additional ₹5,000 as capital. Which of the following correctly shows the entry appearing on the debit side of the Cash Account for the additional investment?
A) By Mushtaq’s Capital A/c ₹5,000
B) To Mushtaq’s Capital A/c ₹5,000
C) To Cash A/c ₹5,000
D) By Cash A/c ₹5,000
Answer: B
Q8. Consider a Cash Account containing a balance of ₹10,000 and an additional capital investment of ₹5,000. Which of the following statements correctly describe its balancing?
- The total of the debit side becomes ₹15,000.
- Balance c/d of ₹15,000 is written on the credit side.
- Both sides are totalled at ₹15,000.
- The account shows a Debit Balance.
A) 1 and 2 only
B) 1, 2 and 3 only
C) 2, 3 and 4 only
D) 1, 2, 3 and 4
Answer: D
Q9. Which of the following statements correctly describe the process of balancing an account?
- Balance is the difference between the two sides of an account.
- Balance is written on the lesser side to make the two sides equal.
- The process of equalising the two sides is called balancing.
- Balancing requires the narration of every transaction to be rewritten.
A) 1 and 2 only
B) 1, 2 and 3 only
C) 2, 3 and 4 only
D) 1, 2, 3 and 4
Answer: B
Q10. Which of the following statements correctly describe the balancing of Personal Accounts?
- Personal Accounts can have Debit, Credit or Nil balance.
- Debit Balance represents a Debtor.
- Credit Balance represents a Creditor.
- The balance is carried forward.
A) 1 and 2 only
B) 1, 2 and 3 only
C) 2, 3 and 4 only
D) 1, 2, 3 and 4
Answer: D
Q11. A Personal Account has a debit-side total greater than its credit-side total. According to the rules of balancing Personal Accounts, which of the following correctly describes the resulting balance?
A) It shows a Credit Balance and represents a Creditor.
B) It shows a Debit Balance and represents a Debtor.
C) It shows a Nil Balance and represents neither a Debtor nor a Creditor.
D) Its balance must be transferred to the Profit & Loss A/c.
Answer: B
Q12. Assertion (A): Real Accounts always show a Debit Balance.
Reason (R): Real Accounts relate to the assets and properties of a business, such as Cash A/c, Furniture A/c, etc.
Choose the correct answer:
A) Both A and R are true, and R is the correct explanation of A
B) Both A and R are true, but R is not the correct explanation of A
C) A is true, but R is false
D) A is false, but R is true
Answer: B
Q13. Match the type of Ledger Account in List I with its correct characteristic in List II:
| List I | List II |
|---|---|
| A. Personal Account with Debit Balance | 1. Transferred to Trading or Profit & Loss A/c |
| B. Personal Account with Credit Balance | 2. Represents a Debtor |
| C. Real Account | 3. Represents a Creditor |
| D. Nominal Account | 4. Always shows a Debit Balance |
A) A-2, B-3, C-4, D-1
B) A-3, B-2, C-1, D-4
C) A-2, B-4, C-3, D-1
D) A-4, B-3, C-2, D-1
Answer: A
Q14. Which of the following statements correctly describe Nominal Accounts at the end of the year?
- Nominal Accounts relate to expenses, incomes, losses and gains.
- They may have a Debit or Credit balance.
- Their balances are transferred to Trading or Profit & Loss A/c at year-end.
- They do not require balancing in the same manner because they are transferred to P/L A/c.
A) 1 and 2 only
B) 1, 2 and 3 only
C) 2, 3 and 4 only
D) 1, 2, 3 and 4
Answer: D
Q15. Consider the following rules relating to the balancing of Ledger Accounts:
- If the Debit side is greater than the Credit side, the difference is a Debit Balance.
- If the Credit side is greater than the Debit side, the difference is a Credit Balance.
- If both sides are equal, there is zero balance.
- Personal Accounts may have Debit, Credit or Nil balance.
- Real Accounts always show a Debit Balance.
- Nominal Account balances are transferred to Trading or Profit & Loss A/c at year-end.
Which of the statements given above are correct?
A) 1, 2, 3 and 4 only
B) 1, 2, 4, 5 and 6 only
C) 2, 3, 4, 5 and 6 only
D) 1, 2, 3, 4, 5 and 6
Answer: D
