Accounting · Self-Balancing Ledger
Which of the following is/are regarded as advantages of a self-balancing ledger system? (i) It fixes the responsibility of the ledger keeper for balancing the ledger under his/her charge. (ii) It enables the preparation of interim accounts without balancing individual personal ledgers. (iii) It helps in strengthening internal check. (iv) Total figures of debtors and creditors are readily available.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1(i), (ii), (iii) and (iv)✓
- 2Only (i)
- 3(ii) and (iii)
- 4(i), (ii) and (iii)
Correct answer
(i), (ii), (iii) and (iv)
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