Follow Our FB Page << CircleMedia.in >> for Daily Laughter. We Post Funny, Viral, Comedy Videos, Memes, Vines...


What is a General Ledger Balance? How can it be arrieved at?

Answers were Sorted based on User's Feedback



What is a General Ledger Balance? How can it be arrieved at?..

Answer / rajesh

General ledger balance nothing like statement of accounts
for particular creditors/debtors.during finalization of
accounts we have confirm this to our debtors/creditors.
eg: Sundry Debtors
Sales is Rs.10,000/-.
We got cheque for Rs.10,000/-. Now ledger balance is Nil

Eg: Sundry Creditors
Purchase is Rs.50,000/-.
We given Cheque for Rs.44,000/-. Balance amount Rs.6,000/-.
payable to them.this is general ledger balance. it can be
arrived at Balance sheet.if it is sundry creditors will get
from current liabilities & sundry debtors will get from
current asset

Is This Answer Correct ?    8 Yes 2 No

What is a General Ledger Balance? How can it be arrieved at?..

Answer / pawan kumar garg

General Ledger reflects the transaction done during the
period for a particular vendor/debtors/expediture.

Is This Answer Correct ?    5 Yes 1 No

Post New Answer

More Accounting AllOther Interview Questions

1. What is Derivative ? And types of Derivatives ? 2. What is Investment Banking ? 3. What is Capital Market ? 4. What is Sensex ? And what is Index ? 5. What is PE Ratio ? 6. What is Interest Rate Swap ? 7. What is the difference between Forex & Stock Exchange ?

3 Answers   Cognizant,


Why closing stock appears both in trading and Balance sheet? Why does it doesnot appear in trail balance.

0 Answers  


EXPAND___________LAN

3 Answers  


goodwill value of two and half time of the average of three yare profit of firm total threeyare (1237500)

1 Answers  


explain the difference between LIFO and FIFO?

0 Answers   IOCL,






what is capital budgeting and techniques of capital budgeting.

9 Answers   Infosys, Suzuki, Wipro,


Short Answer on __________Indirect Taxes

2 Answers  


what is sunk cost

14 Answers   Capital IQ,


what is composition vat

0 Answers  


what is buy bach shares?

0 Answers   Capital IQ,


Expand ------AIMPLB

1 Answers  


what do you mean by Accounts payable

21 Answers   Accenture, ICICI,






Categories