The General Ledger: Quiz Time

🆓General Ledger Free Quiz → accountingstuf...
💥General Ledger Cheat Sheet → accountingstuf...
🖊General Ledger Practice Questions → accountingstuf...
How well do you know the General Ledger? Try to answer these 5 true or false questions.
1. The General Ledger is part of the Double-Entry Accounting System.
2. The General Ledger is the main accounting record where all financial transactions are recorded.
3. The General Ledger is divided into two sections. One for the Trial Balance and one for Adjusting Entries.
4. Subledgers are linked to the General Ledger. They're used for detailed tracking of specific accounts.
5. The General Ledger only contains permanent accounts. It doesn't include temporary accounts.
🔴Subscribe for more Accounting Tutorials → geni.us/subtot...
🔎FAQ
▪ My Favourite Accounting Book for Beginners → geni.us/5mKR7m
🎬LEARN ACCOUNTING BASICS FOR FREE
▪ The Full Playlist → • ACCOUNTING BASICS for ...
🔝 CLOUD ACCOUNTING SOFTWARE
▪ QuickBooks Online USA (FREE TRIAL/DISCOUNT) → geni.us/jA9N
▪ QuickBooks Online Canada (FREE TRIAL/DISCOUNT) → geni.us/bNN7
▪ Xero (FREE TRIAL) → xeroamericas.g...
🚶FOLLOW ME ON
▪ TikTok → / accounting_stuff
▪ Facebook → / thisisaccountingstuff
▪ Insta → / accountingstuff
________________________
DISCLAIMER
Some of the links above are affiliate links, where I earn a small commission if you click on the link and purchase an item. You are not obligated to do so, but it does help fund these videos in hopes of bringing value to you!
________________________
#Shorts #accountingstuff

[@AccountingStuff]

How many did you get right?
ANSWERS ⬇️
1. TRUE - The General Ledger is part of the Double-Entry Accounting System.
2. TRUE - The General Ledger is the main accounting record where all financial transactions are recorded.
3. FALSE - The General Ledger isn’t divided into two sections. It’s a single database that stores a business’s accounts and Journal Entries.
4. TRUE - Subledgers are linked to the General Ledger. They're used for detailed tracking of specific accounts.
5. FALSE - The General Ledger contains both temporary and permanent accounts.
Head to accountingstuff.com for more practice questions like this.

[@HellMemories]

4/5

[@user-li5mx5ez7x]

I got 4 out 5 . Thus the last one

[@AccountingStuff]

@@user-li5mx5ez7x So close!

[@LqmKim]

I’m not an accounting student, but I scored 5/5 thanks to your videos on your channel 🎉

[@AccountingStuff]

Nailed it!

[@alinskyjesusballecer4363]

4/5 The sections got me 😅 Thanks for this ❤

[@AccountingStuff]

👏

[@shivanandpuranik4689]

My answers were all right cause I'm following you and watching your videos from the last 5 years. 😊

[@AccountingStuff]

Nice one! That's great to hear, well done :)

[@ChannelofNathaniel]

5/5! This really boosted my confidence, I’m struggling in my accounting courses rn lol.

[@AccountingStuff]

Nicely done :)

[@eliechbeir6382]

4/5 love the channel!

[@AccountingStuff]

Nice one!

[@Daisssyyy9]

5/5!!! Hell yessssssss. Love the quizzes

[@AccountingStuff]

Congrats!!

[@konglee2899]

all correct

[@AccountingStuff]

Nice one!

[@safaarudinalias3792]

4/5 🎉

[@Colonel9898]

6/5 because 1 extra Mark for my speed 🚄

[@AccountingStuff]

120%!

[@lubabaloandrew7054]

5/5 definitely...

[@AccountingStuff]

Nice one !

[@misslady582]

5 out of 5 🎉❤😊

[@AccountingStuff]

Well done :)

[@tanyaknewman1892]

5/5 🎉

[@AccountingStuff]

Nice one!

[@vanessaanderson1230]

4/5 love this 😂

[@AccountingStuff]

Woop woop!

[@knowley_msibi]

5/5.✅ I am so proud of myself.🤣🤣

[@AccountingStuff]

Congrats!

[@Onafarmlovinit]

4/5

[@AccountingStuff]

Well done 👍

[@JR-du5zq]

I got all correct wooohooo!

[@AccountingStuff]

👏

[@paulandrei3958]

5/5

[@AccountingStuff]

Well done!

[@toobarehman8416]

Your expressions told the answers already 😂

[@AccountingStuff]

Ooops! I'll try not to give it away next time :)

[@mbdshorts807]

4/5

[@AccountingStuff]

Well done!

[@palaksingh2937]

5/5!

[@AccountingStuff]

Well done!

[@IlIlIllllllI]

5/5 1st year accounting student BAM future CA 🗣️🗣️💯🤞

[@AccountingStuff]

Well done!

[@ET-TECH-ic3gs]

5

[@AccountingStuff]

Nice one :)

[@AugustinaLawrence-le1dk]

3 out of 5 for first try second try 5

[@AccountingStuff]

Well done!

[@davidagin1827]

four out of five.

[@AccountingStuff]

Well done!

[@nenitasantiago6275]

5

[@AccountingStuff]

Well done!

[@awesome6357]

4/5 😅

[@AccountingStuff]

Well done!

[@commerce_kingz]

I am confused about your 2nd question, I think all transactions are recorded in the Journal then posted into the general ledger account

[@AccountingStuff]

You are correct that Journal Entries are used to record transactions in the General Ledger. But the question was about the definition of the GL

[@nuttyrachel]

5/5 was a suprise to myself 😂

[@AccountingStuff]

Nice one!

[@THEMRGAMER-cc2ls]

5/5

[@AccountingStuff]

Well done!

[@leoclarkin5944]

4/5

[@AccountingStuff]

So close!!

[@user-dk9ux9bu6i]

4/5

[@AccountingStuff]

Nice one

[@rajukoram7633]

5

[@AccountingStuff]

Well done :)

[@natnaelsamsom]

5/5

[@AccountingStuff]

Well done :)

[@Gopaldas-xm2dc]

4/5

[@AccountingStuff]

So close!

[@NOTPROTOONOOB123]

4/5

[@AccountingStuff]

So close!!!

[@riyaskp718]

5/5

[@AccountingStuff]

Woop woop!

[@user-dk9ux9bu6i]

4/5

[@AccountingStuff]

Well done!

[@ashnelionel5320]

4/5

[@AccountingStuff]

Well done

[@SharipovAbrorbek]

4/5

[@AccountingStuff]

Nice one :)