what is ledger balance

Answers were Sorted based on User's Feedback



what is ledger balance..

Answer / surendra

ledger balance mean dr. balance or cr. balance if the person
give extra amt so.cr. balance if the amt outstanding so. dr.
balance

Is This Answer Correct ?    10 Yes 1 No

what is ledger balance..

Answer / ram pratap singh

What is ledger balance
Every account has either dr. Balance or credit balance. If the total of dr.side is greater than cr. Side total it is said that it has dr. Balance or vice-e-versa. Assets and expenses or losses have debit balance whereas liabilities and income or gains have debit balances.

Is This Answer Correct ?    2 Yes 2 No

what is ledger balance..

Answer / aparna

All ledger have two balances one is debit balance when
debit side amount or total is greater than credit sides
total and the balance c/f to credit side and thus the
ledger matches both side total and vice versa All assect &
expenses & losses also debtors have debit balance and All
income ,creditors,gains have credit balances

Is This Answer Correct ?    0 Yes 0 No

Post New Answer

More Accounting General Interview Questions

What id The Differed Tax Liablity

2 Answers  


Factors that affect the requirement of working capital ?

3 Answers  


How to group the companies in tally?

0 Answers   CTS,


Which Entry Contain all three accounts Principal(Personal,Real, & Nominal)

2 Answers  


ACCOUNTING CONCEPTS AND CONVENTIONS

4 Answers   Bank Of America,






How can you made payment when bill come from vendor, what is the bills have you check.

0 Answers  


Is buy or sale trade will impact on Nov? Yes/No Please explain.

0 Answers   Northern Trust,


DEAR ALL PLEASE TELL ME? WHAT IS THE LIMIT OF CASH COMMISSION PAID AND RECD?

1 Answers   Jindal,


How a company can purchase materials from any other state without a way bill ?

1 Answers  


hi ,i need some suggestion,comptd my graduation in 2012,but i wasted my time for 6 month,just i want 2 escape from this question,what u did for 6 months,how can i give proper anser to them?pls suggest me

0 Answers   Bank Of America, Genpact,


what is secondary market?

6 Answers   IBM, Karvy,


real account means

9 Answers   Infosys,


Categories