Tamil Nadu Board of Secondary EducationHSC Commerce Class 11th
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Main objective of preparing ledger account is to ____________. - Accountancy

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MCQ
Fill in the Blanks

Main objective of preparing ledger account is to ____________.

Options

  • Ascertain the financial position

  • Ascertain the profit or loss

  • Ascertain the profit or loss and the financial position

  • Know the balance of each ledger account

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Solution

Main objective of preparing ledger account is to Know the balance of each ledger account.

Concept: Format of Ledger Account
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APPEARS IN

Tamil Nadu Board Samacheer Kalvi Class 11th Accountancy Answers Guide
Chapter 4 Ledger
Multiple choice questions | Q I 1. | Page 76
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