Assertion Reason MCQS of Ledger Chapter class 11 with answers
Assertion Reason MCQS of Ledger Chapter class 11 with answers for CBSE, ISC and State Boards
Assertion (A): Debit balance of an account shows assets or expenses.
Reason (R): Credit baance of an account shows liabilities or incomes.
Options:
(a) Both (A) and (R) are true and (R) is the correct explanation of (A)
(b) Both (A) and (R) are true but (R) is not the correct explanation of (A)
(c) (A) is true, but (R) is false
(d) (A) is false, but (R) is true
Ans:- (b)
Assertion (A): A ledger is also called the book of Final Entry.
Reason (R): Ledger contains classified and permanent record of all the transactions.
Options:
(a) Both (A) and (R) are true and (R) is the correct explanation of (A)
(b) Both (A) and (R) are true but (R) is not the correct explanation of (A)
(c) (A) is true, but (R) is false
(d) (A) is false, but (R) is true
Ans:- (a)
Assertion (A): While posting in personal accounts from the sales return book, posting is done on the credit side.
Reason (R): The total of Purchase Return Column of Purchase Return Book will be posted to the debit of Purchases Account.
Options:
(a) Both (A) and (R) are true and (R) is the correct explanation of (A)
(b) Both (A) and (R) are true but (R) is not the correct explanation of (A)
(c) (A) is true, but (R) is false
(d) (A) is false, but (R) is true
Ans:- (c)
Assertion (A): Ledger is a book of final entry.
Reason (R): Transaction written in the Journal Book is posted to the Ledger account which shows the balance in the account.
Options:
(a) Both Assertion (A) and Reason (R) are correct but Reason (R) is not the correct explanation of the Assertion (A).
(b) Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of the Assertion (A)
(c) Both Assertion (A) and Reason (R) are not correct.
(d) Assertion (A) is correct but Reason (R) is not correct.
Ans:- (b)
Assertion (A): If goods are sold outside the state, posting will be made on the credit side of Output IGST Account.
Reason (R): If goods are sold within the state, posting will be made on the debit side of Output IGST Account.
Options:
(a) Both (A) and (R) are true and (R) is the correct explanation of (A)
(b) Both (A) and (R) are true but (R) is not the correct explanation of (A)
(c) (A) is true, but (R) is false
(d) (A) is false, but (R) is true
Ans:- (c)
Assertion (A): Personal Accounts may have either debit or credit balance.
Reason (R): Assets Accounts may have either debit or credit balance.
Options:
(a) Both (A) and (R) are true and (R) is the correct explanation of (A)
(b) Both (A) and (R) are true but (R) is not the correct explanation of (A)
(c) (A) is true, but (R) is false
(d) (A) is false, but (R) is true
Ans:- (c)
Assertion (A): Ledger account is prepared from the Journal Book.
Reason (R): The process of transferring journal entries to Ledger Accounts is termed as posting.
Options:
(a) Both Assertion (A) and Reason (R) are correct but Reason (R) is not the correct explanation of the Assertion (A).
(b) Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of the Assertion (A)
(c) Both Assertion (A) and Reason (R) are not correct.
(d) Assertion (A) is correct but Reason (R) is not correct.
Ans:- (a)
Assertion (A): Transactions in Purchase Book are recorded in a chronolgincal order.
Reason (R): Transactions in Ledger are recorded in analytical order.
Options:
(a) Both (A) and (R) are true and (R) is the correct explanation of (A)
(b) Both (A) and (R) are true but (R) is not the correct explanation of (A)
(c) (A) is true, but (R) is false
(d) (A) is false, but (R) is true
Ans:- (b)
Assertion (A): Nominal Accounts are not balanced.
Reason (R): Nominal Accounts are transferred to the Trading and Profit & Loss Account at the end of financial period.
Options:
(a) Both (A) and (R) are true and (R) is the correct explanation of (A)
(b) Both (A) and (R) are true but (R) is not the correct explanation of (A)
(c) (A) is true, but (R) is false
(d) (A) is false, but (R) is true
Ans:- (a)
Assertion (A): Each transaction in the Cash Book is posted only once in a ledger account.
Reason (R): Cash Book itself serves the purpose of Cash Account also and as such the second aspect of a cash transaction is to be posted in the ledger.
Options:
(a) Both (A) and (R) are true and (R) is the correct explanation of (A)
(b) Both (A) and (R) are true but (R) is not the correct explanation of (A)
(c) (A) is true, but (R) is false
(d) (A) is false, but (R) is true
Ans:- (a)
Assertion (A): In Ledger, transactions of capital nature are posted.
Reason (R): In Ledger, transactions of Revenue and Expense nature are not posted.
Options:
(a) Both Assertion (A) and Reason (R) are correct but Reason (R) is not the correct explanation of the Assertion (A).
(b) Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of the Assertion (A)
(c) Both Assertion (A) and Reason (R) are not correct.
(d) Assertion (A) is correct but Reason (R) is not correct.
Ans:- (c)
Assertion (A): the balance of an account is always known by the side which is in excess.
Reason (R): If total of Dr. side of Prisha’s A/c in the ledger is ₹ 50,000 and total of Cr. side of her A/c is ₹ 60,000 then her account will show a Cr. balance of ₹ 10,000.
Options:
(a) Both (A) and (R) are true and (R) is the correct explanation of (A)
(b) Both (A) and (R) are true but (R) is not the correct explanation of (A)
(c) (A) is true, but (R) is false
(d) (A) is false, but (R) is true
Ans:- (a)
Assertion (A): Difference of the totals of two sides (debit side and credit side) of an account is balance of the account.
Reason (R): Trial Balance is not the outcome of posting of entries in the Ledger.
Options:
(a) Both Assertion (A) and Reason (R) are correct but Reason (R) is not the correct explanation of the Assertion (A).
(b) Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of the Assertion (A)
(c) Both Assertion (A) and Reason (R) are not correct.
(d) Assertion (A) is correct but Reason (R) is not correct.
Ans:- (d)
Assertion (A): Debit balance of a Personal Account shows amount receivable.
Reason (R): Debit balance of a Nominal Account shows expenses.
Options:
(a) Both (A) and (R) are true and (R) is the correct explanation of (A)
(b) Both (A) and (R) are true but (R) is not the correct explanation of (A)
(c) (A) is true, but (R) is false
(d) (A) is false, but (R) is true
Ans:- (b)
Assertion (A): Amount of sales can be ascertained from Sales Book.
Reason (R): Amount of sales can be ascertained from Sales Account.
Options:
(a) Both (A) and (R) are true and (R) is the correct explanation of (A)
(b) Both (A) and (R) are true but (R) is not the correct explanation of (A)
(c) (A) is true, but (R) is false
(d) (A) is false, but (R) is true
Ans:- (d)
