MGT101 MCQ---plZ EXPLAIN

[VU student]

Question No: 8    ( Marks: 1 )    - Please choose one

 Which of the following are the components of General Ledger?

1)      Title of account       <-------------------Look at this

2)      Amount of transaction

3)      Date of transaction

       ► (1) & (2) only

       ►  (2) & (3) only

       ► (1) & (3) only

       ► (1), (2) & (3)

HOW THE TITLE OF ACCOUNT IS THE PART OF GENERAL LEDGER?

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MBA-1st semester
Rawalpindi

[habiba bano]

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[Hafiz Salman Majeed]

A Standard General Ledger

Since the ledger keeps record of transactions that affect one head of account, therefore, it should provide

all the information that a user may need.

Usually the ledger is required to provide following information:

o

Title of account

o

Ledger page number, called Ledger Folio / Account Code

o

Date of transaction

o

Voucher number

o

Narration / particulars of transaction

o

Amount of transactionHandouts page number 17

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Regards...
Do Remember Me In Your Prays...
Hafiz Salman Majeed....
MBA 1st Semester......
http://HafizSalmanMajeed.4shared.com
Hafiz.Sal...@gmail.com
Sent from Lahore, Pakistan

[VU student]

Thanx Salman..!!

MBA-1st semester
Rawalpindi