Accounting Multiple Choice Question – 20 May 2019

The nominal ledger (also known as the general ledger) is…?

Select ONE answer:

1. the ‘book’ from which the trial balance is extracted.
2. a ‘book of original entry’.
3. the ‘book’ in which transactions are first recorded.
4. None of the above.

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple choice question is suitable for Accounting KS5 classes.

The answer is 1

1. Correct
2. Postings are made to the nominal (general) ledger from the books of original entry.
3. Transactions are first recorded in the books of original entry (from which postings are made to the nominal (general) ledger).
4. Not correct

 

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