What are the 3 types of ledgers? (2024)

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Introduction to Ledger

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The three types of ledgers are:
General ledger
Sales ledger or debtor’s ledger
Purchase ledger or creditor’s ledger.
Also read:
MCQs on Ledger
Ledger in Accounting
What Is General Ledger
Learn about more questions and answers on business studies and various other commerce topics from our website.

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Q. State whether the following statements are ‘True or False”.

1) Ledger is known as the book of original entry.
2) Narration is not necessary in ledger.
3) All accounts are closed down at the end of the accounting year.
4) Recording of a transaction in Journal is called posting.
5) Balance of personal account is brought down for the next year.
6) All transactions are recorded directly in ledger.
7) Ledger Folio and index is necessary for ledger.
8) Ledger posting is not necessary for Journal Proper.
9) Ledger Folio is recorded in Journal.
10) Ledger posting is made before passing Journal entry.

Write the word, term, phrase, Which can substitute each of the following statement.

1) Transfer of a Journal entry from Journal to ledger.
2) Total of Debit side of an A/c is more than total of Credit side of an A/c.
3) Page number of ledger.
4) A book of an account in which all ledger accounts are maintained.
5) Left hand side of an account.
6) Right hand side of an account.
7) Types of accounts which are not balanced but transferred to Trading A/c or Profit & Loss A/c.
8) Bound book of accounts.
9) An account where total of Purchases Book is posted.
10) A statement of accounts prepared from the balances of ledger account.

Q. What are the 3 types of modes in data handling?

What are the 3 types of ledgers? (2024)

The three types of ledgers are:General ledgerSales ledger or debtor’s ledgerPurchase ledger or creditor’s ledger.Also read:MCQs on LedgerLedger in AccountingWhat Is General LedgerLearn about more questions and answers on business studies and various other commerce topics from our website.