General Ledger – Fill In the Blanks
is the process of transferring journal entries to ledger accounts.
The left hand side of the ledger account is termed as
The right hand side of the ledger account is termed as
is the abbreviation used for debit.
The term credit is usually abbreviated by
is a process that involves finding out the balance of a ledger account.
If debit side of an account is heavier than credit side, the account will show a
The difference between the totals of two sides of a ledger account is called
Liability accounts in the ledger normally show
Asset accounts normally show
is known as the king of all books.
The posting reference column in a ledger account means
of the general journal where the journal entry has been made.
The name of the account written at the top is termed as
Revenue/income accounts are expected to have a
Drawings account has a
About the Author
True Tamplin, BSc, CEPF®
True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.
True contributes to his own finance dictionary, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.