General Ledger & Subledger Quiz: 20 Questions for Beginners

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Test your knowledge of the General Ledger, Subledgers and Control Accounts with 20 multiple-choice questions for beginners.

In this accounting quiz, you’ll test your understanding of:

▪ How the General Ledger works
▪ Ledger accounts and running balances
▪ General Journals and Journal Entries
▪ How the Trial Balance relates to the General Ledger
▪ Subledgers and Subsidiary Ledgers
▪ Accounts Receivable and Accounts Payable Subledgers
▪ Control Accounts
▪ Fixed Assets Registers
▪ Subledger reconciliations
▪ Common posting errors

How many questions can you answer correctly? Share your score out of 20 in the comments and let me know which accounting topic you’d like me to quiz you on next!

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🎬 WATCH NEXT
▪ The General Ledger Explained ➔ https://youtu.be/HR37VUq1LM0
▪ Subledgers Explained ➔ https://youtu.be/7eDkI2P3mn8
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⏱️ TIMESTAMPS

00:00 Introduction to the General Ledger Quiz
00:13 Q1: General Ledger Definition
00:42 Q2: Purpose of the General Ledger
01:16 Q3: Recording and Posting Journal Entries
01:45 Q4: General Ledger Accounts
02:15 Q5: Five Main Account Categories
02:49 Q6: Running Account Balances
03:15 Q7: General Ledger and Trial Balance
03:45 Q8: Preparing Financial Statements
04:19 Q9: Accounts Receivable Payment Entry
04:51 Q10: General Ledger Reference Column
05:22 Q11: Subledger Definition
05:46 Q12: Accounts Receivable Subledger
06:23 Q13: Other Names for Subledgers
06:45 Q14: Control Account Definition
07:12 Q15: Common Control Accounts
07:40 Q16: Accounts Payable Control Account
08:17 Q17: Fixed Assets and Net Book Value
09:02 Q18: Reconciling a Subledger
09:39 Q19: Accounts Payable Reconciliation Error
10:27 Q20: Fixed Assets Reconciliation Error
11:20 Bonus Question: Why Businesses Use Subledgers

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