Maharashtra State BoardHSC Commerce 11th
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Select appropriate alternatives from those given below and rewrite the sentence._________ is the process of deriving the difference between totals of the debit and credit side of each ledger a/c. - Book Keeping and Accountancy

MCQ

Select appropriate alternatives from those given below and rewrite the sentence.
_________ is the process of deriving the difference between totals of the debit and credit side of each ledger a/c.

Options

  • Totalling

  • Journalizing

  • Balancing

  • Posting

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Solution

Balancing is the process of deriving the difference between totals of the debit and credit side of each ledger a/c.

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