What is balancing the ledger accounts? - Vidyadip

Question

What is balancing the ledger accounts?

✓

Answer

Balancing an account means finding the difference between the total of its debit and credit side.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "Answer In One Or Two Sentence .(1 Marks)" from P1 C9 Ledger-Posting→P1 C9 Ledger-Posting — all question types→Account STD 11 Commerce question papers→Gujarat Board STD 11 Commerce question papers→Gujarat Board question paper generator→

Similar questions

Which types of transactions are recorded in sales book?

What kind of income a Charity is?

Explain Bills payable

What is internal liability of business?

Which types of account is drawing account?

To which account and side, profit on sale of asset is recorded ?

Who writes the debit note for whom?

Why are opening entries passed?

What is intra state supply transaction?

Which facility should be provided by Accounting Software?