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ABLAAL PRIMARY & SECONDARY SCHOOL

B/E SUBJECT Class FORM TWO (2) A&B
Lesson 3 Posting To General Ledger
Questions and Answers Page 1
Que: What is Posting to general journal to general ledger?
Ans: Posting to general journal to general ledger is a process in which entries from the general
journal are periodically transferred to the ledger accounts.
Que: what is also known as general ledger or ledger accounts?
Ans: Ledger accounts also known as T – accounts.
Que: What are ledger accounts?
Ans: Ledger accounts are a way of presenting and grouping transactions relating to a particular
accounts in one place.
Que: What is a ledger?
Ans: The ledger is the entire group of accounts maintained by a company is the ledger.
Que: What is the ledger keeps?
Ans: The ledger keeps in one place all the information about changes in the specific account
balances.
Que: What are the general ledger contains?
Ans: The general ledger contains all the assets, liability and owner’s equity accounts.
Que: When can we use the term ledger?
Ans: Whenever we use in this textbook, we are referring to the general ledger unless we specify
otherwise.
Individual liability Individual owner’s
Individual asset
accounts equity
accounts
Interest payable Salaries and
Equipment
wages expense
Salaries and
Land Service
wages payable
revenue
Supplies Accounts
payable Owner’s
Cash drawing
Notes payable
Owner’s capital
Prepared by Tutor Ahmed Mohamed Osman ( Ahmed Adde)ABLAAL
ELASHA & TALEH
Que: What is the standard form of account?
Ans: The standard form of account is the simple T – account form used in accounting textbooks
is often very useful for the illustration purposes.
Que: What is called the format of accounts?
Ans: The format of accounts is called three – column format of account because it has three
money columns, debit and credit balances.
Que: What is the balance in the account is determined?
Ans: The balance in the account is determined after each transaction.
Que: What is posting to the general ledger?
Ans: Posting to the general ledger is transferring journal entries to the ledger accounts are called
Posting.
Que: What can we put post to the debit?
Ans: Post debit account – date, journal page number an amount.
Que: What is the reference of entering debit account?
Ans: Entering the debit account number in the journal is the reference column.
Que: What can we put post to the credit?
Ans: Post credit account – date, journal page number an amount.
Que: What is the reference of entering credit account?
Ans: Entering the credit account number in the journal is the reference column.
Que: What is the posting should be?
Ans: Posting should be performed in chronological order.
Que: What is the reference column of the ledger account?
Ans: The reference column of the ledger account indicates the journal page from which
transaction was posted.
Que: What are the chart of accounts?
Ans: The chart of accounts are differ for each company.

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Prepared by Tutor Ahmed Mohamed Osman ( Ahmed Adde)ABLAAL

ELASHA & TALEH
Que: What are the steps or process of posting in the general ledger?
Ans: The steps or process of posting in the general ledger are
a) The essential analysis.
b) An equation analysis.
c) A debit – credit analysis that precede the journal entry.
d) Posting of each transaction.
Lesson Four Trial Balance
Questions and answers
Que: What is a trial balance?
Ans: A trial balance is a list of accounts and their balances at a given time.
Que: Where the trial balance may appear?
Ans: The trail balance may appear debit in the left side and credit may appear in the right side.
Que: When can we prepare a trial balance?
Ans: The trial balance can prepare at the end of the accounting period then list accounts in the
order in which they appear in the ledger.
Que: When will occur double – entry accounts?
Ans: double – entry system this an equality occurs when the sum of the debit account balances
equals the sum of the credit account balances.
Que: Why Is the trial balance is useful?
Ans: The trial balance is in the preparation of the finance statements.
Que: What are the trial balance uncover?
Ans: A trial balance may also uncover errors in journalizing and posting.
Que: What are the steps of trial balance?
Ans: The steps of trial balance are:
1. List the account titles and their balances in the appropriate debit and credit column.
2. Total the debit and credit columns.
3. Prove the equality of the two columns. N.B the total debits must be equal the total credits.

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Prepared by Tutor Ahmed Mohamed Osman ( Ahmed Adde)ABLAAL
ELASHA & TALEH
Que: What is a trial balance in a necessary?
Ans: A trial balance is a necessary checkpoint for uncovering certain types of errors. For
example, if only the debit portion of a journal entry has been posted the trial balance would bring
this error.
Que: What are the financial statements from the trial balance?
Ans:- The necessary process is to transfer amounts from general ledger to the trial balance then
into the financial statements
Que: What is the trial balance proves?
Ans: The trial balance proves the mathematical equality of debits and credits after posting.
Examples:

XXB
TRIAL BALANCE
XX – xx – 2020

____________________________________________________________________________
Debit ( so. Sh.) Credit (so sh)
_____________________________________________________________ _______________
Asset 10,000
Liability 4,000
Owner’s capital 5,000
Owner’s drawings 7,000
Service revenue 9,000
Expense 1,000

18,000 18,000

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Prepared by Tutor Ahmed Mohamed Osman ( Ahmed Adde)ABLAAL

ELASHA & TALEH
Prepared by Tutor Ahmed Mohamed Osman ( Ahmed Adde)ABLAAL
ELASHA & TALEH