Q.The process of finding the net amount from the totals of debit and credit columns in a ledger is known as :

Determining the net amount from the totals of the debit and credit columns of a ledger account is called balancing, so the answer is (c).

In the Tamil Nadu HSC Class-11 Accountancy syllabus, once transactions are posted to a ledger account, its two sides are totalled and the difference is found to know the closing position of that account. This process is called balancing the account.

Distinguishing the options:

• (a) Journalising — recording a transaction first in the journal; not this.
• (b) Casting — totalling the amount columns; the difference step goes beyond mere totalling. …