A statement which contains a classified summary or list of all closing balances of the General Ledger is known as the ………………….

Related MCQs

• If the totals of two sides of trial balances agree, normally it signifies the ………………. of the accounts.
• ……………………. is the art of recording all the business transactions in the books of account and is mainly related to books of original entry as well as the ledger.
• ………………… is mainly concerned with the summary and analysis of the record furnished by Bookkeeping.
• Cost of goods purchased, Net sale proceeds, Value of closing stock are shown in……………….
• Where it is possible written notice must be sent to all members at their official addresses at least ………………………prior to annual and extraordinary general meetings
• Societies the overdues of which exceed 40% and which are moribund are to be classified as ………………..
• The Chief Executive of NCUI shall be the Director General of …………..
• Every society shall maintain …………………for recording the proceedings of the general body.
• In the case of a society with unlimited liability, property statement of members showing the assets and liabilities of each individual member on the date of his admission with full details of the property including the survey number of the lands, is kept in ………………………..
• When heavy expenditure is incurred and the benefits of which extend to periods beyond the date of the balance sheet, such expenditure should be equitably spread over the period during which the benefits of such expenditure would be available and are known as ………………….