Accounting · Self-Balancing Ledger
Select the correct statement. Under a self-balancing system of ledgers, a purchase of goods on credit is recorded by: (i) Debiting Purchases A/c and crediting Bought Ledger Adjustment A/c in the General Ledger (ii) Debiting the Bought Ledger Adjustment A/c, and crediting the General Ledger Adjustment A/c in the Bought Ledger (iii) Debiting the General Ledger Adjustment A/c, and crediting the Supplier's A/c in the Bought Ledger (iv) Debiting the Supplier's A/c, and crediting the General Ledger Adjustment A/c in the General Ledger
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Both (i) and (iii)✓
- 2Both (iii) and (iv)
- 3Both (i) and (ii)
- 4Both (ii) and (iii)
Correct answer
Both (i) and (iii)
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Accounting?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Self-Balancing Ledger MCQs →Want more practice questions on Self-Balancing Ledger?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Accounting · Self-Balancing Ledger