General Ledger (Grade 10 NSC Matric Accounting): Quizzes
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Practise the questions
10 questions from this quiz
What does the DAX acronym represent in General Ledger account classifications?
What does the DAX acronym represent in General Ledger account classifications?
Drawings, Assets, Expenses
What does the CIL acronym represent in General Ledger account classifications?
What does the CIL acronym represent in General Ledger account classifications?
Capital, Income, Liabilities
Which of the following accounts maintains a debit balance?
Which of the following accounts maintains a debit balance?
Vehicles
Nominal accounts are best described as which type of accounts?
Nominal accounts are best described as which type of accounts?
Temporary income and expense accounts
What does the Details column in a General Ledger account show?
What does the Details column in a General Ledger account show?
The contra account
What does the Folio (Fol) column indicate in a General Ledger account?
What does the Folio (Fol) column indicate in a General Ledger account?
Which journal the transaction came from
When posting from the Cash Receipts Journal, how is the Bank account treated?
When posting from the Cash Receipts Journal, how is the Bank account treated?
Bank is debited with all amounts
When posting from the Cash Payments Journal, how is the Bank account treated?
When posting from the Cash Payments Journal, how is the Bank account treated?
Bank is credited with all amounts
How do allowances journals relate to their corresponding journals?
How do allowances journals relate to their corresponding journals?
They do the opposite treatment
How do CIL accounts increase?
How do CIL accounts increase?
They are credited