🚆 RAILWAY LEDGER – 100 MCQs
🔹 QUESTIONS (1–100)
Q1. Railway Ledger is:
A. Book of original entry
B. Book of final entry
C. Cash book
D. None
Q2. (T/F) Ledger contains classified accounts.
Q3. Posting means:
A. Recording
B. Classifying
C. Summarizing
D. None
Q4. (Fill) Ledger is book of ______ entry.
Q5. Ledger is prepared from:
A. Journal
B. Trial balance
C. Balance sheet
D. None
Q6. Each account in ledger is called:
A. Entry
B. Account
C. Balance
D. None
Q7. (T/F) Ledger is maintained after journal.
Q8. Debit side shows:
A. Increase in asset
B. Decrease in asset
C. Income
D. None
Q9. (Fill) Credit side shows ______.
Q10. Trial balance is prepared from:
A. Ledger
B. Journal
C. Cash Book
D. None
Q11. Balancing of ledger is done:
A. Daily
B. Periodically
C. Never
D. None
Q12. (T/F) Ledger accounts are balanced to find closing balance.
Q13. Balance carried down is:
A. Opening
B. Closing
C. Middle
D. None
Q14. (Fill) Balance carried forward is ______ balance.
Q15. Which account has debit balance?
A. Asset
B. Liability
C. Income
D. None
Q16. Which account has credit balance?
A. Asset
B. Expense
C. Liability
D. None
Q17. (T/F) Nominal accounts are closed to capital.
Q18. Ledger posting is done:
A. Before journal
B. After journal
C. After trial balance
D. None
Q19. (Fill) Posting is done from ______ to ledger.
Q20. Ledger shows:
A. Transactions
B. Balance
C. Both
D. None
Q21. Personal account belongs to:
A. Ledger
B. Cash book
C. Journal
D. None
Q22. (T/F) Real accounts are maintained in ledger.
Q23. Capital account is:
A. Debit balance
B. Credit balance
C. No balance
D. None
Q24. (Fill) Capital is ______ balance.
Q25. Drawings account is:
A. Debit
B. Credit
C. None
D. Both
Q26. Sales account is:
A. Debit balance
B. Credit balance
C. None
D. Both
Q27. (T/F) Expense accounts have debit balance.
Q28. Income account shows:
A. Debit
B. Credit
C. Both
D. None
Q29. (Fill) Expenses are ______ balance.
Q30. Ledger balance is transferred to:
A. Journal
B. Trial balance
C. Cash book
D. None
Q31. Which account is not in ledger?
A. Cash
B. Sales
C. Purchase
D. None
Q32. (T/F) Cash account may be in ledger or cash book.
Q33. Debit side is:
A. Left
B. Right
C. Top
D. None
Q34. (Fill) Credit side is ______.
Q35. Which is real account?
A. Cash
B. Salary
C. Rent
D. None
Q36. Which is nominal account?
A. Salary
B. Cash
C. Debtor
D. None
Q37. (T/F) Ledger contains all types of accounts.
Q38. Debtors account is:
A. Personal
B. Real
C. Nominal
D. None
Q39. (Fill) Personal accounts relate to ______.
Q40. Creditors account is:
A. Personal
B. Real
C. Nominal
D. None
Q41. Which account has debit balance?
A. Cash
B. Loan
C. Capital
D. None
Q42. (T/F) Liability accounts have credit balance.
Q43. Bank account may show:
A. Debit
B. Credit
C. Both
D. None
Q44. (Fill) Overdraft is ______ balance.
Q45. Which account shows loss?
A. Expense
B. Income
C. Asset
D. None
Q46. Closing balance is:
A. Forward
B. Backward
C. None
D. Both
Q47. (T/F) Ledger is summary of journal.
Q48. Ledger is used for:
A. Recording
B. Classifying
C. Summarizing
D. None
Q49. (Fill) Ledger helps in preparation of ______.
Q50. Trial balance ensures:
A. Profit
B. Accuracy
C. Cash
D. None
Q51. Ledger account is balanced by:
A. Addition
B. Subtraction
C. Both
D. None
Q52. (T/F) Balance is difference of two sides.
Q53. Which has debit balance?
A. Expense
B. Income
C. Liability
D. None
Q54. (Fill) Income accounts have ______ balance.
Q55. Ledger posting is:
A. Transfer
B. Recording
C. None
D. Both
Q56. Opening balance is:
A. b/d
B. c/d
C. None
D. Both
Q57. (T/F) b/d means brought down.
Q58. Closing balance is:
A. b/d
B. c/d
C. None
D. Both
Q59. (Fill) c/d means ______ down.
Q60. Ledger account shows:
A. History
B. Balance
C. Both
D. None
Q61. Asset account shows:
A. Debit
B. Credit
C. None
D. Both
Q62. (T/F) Asset increase is debited.
Q63. Liability decrease is:
A. Debit
B. Credit
C. None
D. Both
Q64. (Fill) Debit = ______ side.
Q65. Credit =
A. Left
B. Right
C. Top
D. None
Q66. Ledger is part of:
A. Journal
B. Accounting system
C. Trial
D. None
Q67. (T/F) Ledger helps in preparation of final accounts.
Q68. Nominal accounts are closed to:
A. Capital
B. Asset
C. Liability
D. None
Q69. (Fill) Ledger is book of ______ entry.
Q70. Which account shows income?
A. Sales
B. Purchase
C. Expense
D. None
Q71. Purchase account is:
A. Debit balance
B. Credit balance
C. None
D. Both
Q72. (T/F) Purchase is expense.
Q73. Drawings reduce:
A. Capital
B. Asset
C. Liability
D. None
Q74. (Fill) Drawings have ______ balance.
Q75. Loan account is:
A. Debit
B. Credit
C. None
D. Both
Q76. Interest paid is:
A. Expense
B. Income
C. Asset
D. None
Q77. (T/F) Interest paid is debited.
Q78. Interest received is:
A. Income
B. Expense
C. Asset
D. None
Q79. (Fill) Income has ______ balance.
Q80. Ledger helps in:
A. Control
B. Analysis
C. Both
D. None
Q81. Which is asset?
A. Cash
B. Loan
C. Capital
D. None
Q82. (T/F) Cash has debit balance.
Q83. Which is liability?
A. Debtor
B. Creditor
C. Expense
D. None
Q84. (Fill) Liability has ______ balance.
Q85. Ledger accounts are:
A. Permanent
B. Temporary
C. Both
D. None
Q86. Nominal accounts are:
A. Permanent
B. Temporary
C. Both
D. None
Q87. (T/F) Nominal accounts are closed yearly.
Q88. Balance transferred to next period is:
A. Opening
B. Closing
C. None
D. Both
Q89. (Fill) Opening balance is ______ balance.
Q90. Ledger is prepared by:
A. Accountant
B. Auditor
C. Manager
D. None
Q91. Trial balance totals must:
A. Equal
B. Unequal
C. None
D. Both
Q92. (T/F) Trial balance ensures arithmetical accuracy.
Q93. Ledger errors detected by:
A. Trial balance
B. Cash book
C. Journal
D. None
Q94. (Fill) Ledger balances are used to prepare ______.
Q95. Which is correct?
A. Debit = asset
B. Credit = liability
C. Both
D. None
Q96. Ledger contains:
A. All accounts
B. Some accounts
C. None
D. Both
Q97. (T/F) Ledger is final stage of recording.
Q98. Ledger is:
A. Book
B. Account
C. Both
D. None
Q99. (Fill) Ledger is backbone of ______ system.
Q100. Which is correct?
A. Ledger → Trial balance
B. Trial → Ledger
C. Journal → Trial
D. None
📘 ANSWER KEY (1–100)
1-B, 2-T, 3-B, 4-Final, 5-A
6-B, 7-T, 8-A, 9-Decrease, 10-A
11-B, 12-T, 13-B, 14-Opening, 15-A
16-C, 17-T, 18-B, 19-Journal, 20-C
21-A, 22-T, 23-B, 24-Credit, 25-A
26-B, 27-T, 28-B, 29-Debit, 30-B
31-D, 32-T, 33-A, 34-Right, 35-A
36-A, 37-T, 38-A, 39-Persons, 40-A
41-A, 42-T, 43-C, 44-Credit, 45-A
46-A, 47-T, 48-B, 49-Trial balance, 50-B
51-C, 52-T, 53-A, 54-Credit, 55-A
56-A, 57-T, 58-B, 59-Carried, 60-C
61-A, 62-T, 63-A, 64-Left, 65-B
66-B, 67-T, 68-A, 69-Final, 70-A
71-A, 72-T, 73-A, 74-Debit, 75-B
76-A, 77-T, 78-A, 79-Credit, 80-C
81-A, 82-T, 83-B, 84-Credit, 85-A
86-B, 87-T, 88-A, 89-Closing, 90-A
91-A, 92-T, 93-A, 94-Trial balance, 95-C
96-A, 97-T, 98-C, 99-Accounting, 100-A
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