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

Question Posted / hddaimari

2 Answers
6681 Views
RBI, I also Faced
E-Mail Answers

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

1st round is easy writing about 'A day without my cell phone' and 2nd rd is aptitude, 3rd rd is typing test and 2rds are technical and hr ...

2 Answers iGate,

Expand------BIFR

1 Answers

A company is Listing in EU (Europian Union) Controlled stock exchange ? will IFRS are mandatory ? if you answer will differ if Subsidary of US based company Listing in EU (Europian Union) Controlled stock exchange?

0 Answers

Expand ________CADE

1 Answers

Expand-------SNAT

0 Answers

cost accounting process

0 Answers

accounting principals

3 Answers

what is sox? why it is used?

3 Answers OPI Global,

Short Answer on __________written Down value