Download App

P1 C9 Ledger-Posting — Account STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceAccountP1 C9 Ledger-Posting1 Mark
MCQ
Which type of account is called squared up account?
  • A
    When the total amount of the debit side is more
  • ✓
    When the total amount of both the sides is equal
  • C
    When the total amount of the credit side is more
  • D
    When there is no transaction in the account
✓

Answer

Correct option: B.
When the total amount of both the sides is equal

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 "MCQ .(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 amount will be recorded to sales account, if goods of $₹ 1000$ purchased at $10 \%$ trade discount and at $5 \%$ cash discount, out of which half goods sold to Ankita to earn $10 \%$ profit on selling price?
→
If depreciation on fixed assets is shown in the Trial Balance then where its effects would appear in the Balance Sheet?
→
Errors affecting the trial balance are $………….$
→
__________ is expense of business.
→
Which balance of the following balances of Trial Balance is shown in the Profit & Loss Account?
→
Expenses which are incurred regularly by the business are ___________ .
→
Transactions of credit purchase of goods of business are recorded in which subsidiary books?
→
Profit prior to incorporation of the company is which type of reserve?
→
Which type of balance Suspense A/c has?
→
How many types of accounting are categorised?
→