18-19 A1 H6 S1 Exam Review

What is it called when you place the account name and number on an account form?

• Opening an account

• Opening a form

• Starting an account

• Starting a form

Debit balance of $100. Making an entry of a $50 credit. What's the new balance?

• Credit of $50

• Debit of $50

• Credit of $100

Credit balance of $100. Credit entry of $100. What's the new balance?

• 0

• credit of $100

• credit of $200

You are transferring information from the general debit column to the ledger to an account.  If there is no entry in the form, what will the balance be?

• debit
• credit

You are recording info in the ledger.  You are posting a debit to an account that already has a debit balance.  What do you do?

• add
• subtract
• just move the number

You are recording info on an account form moving it from the journal to the ledger.  The account has a debit balance and you are making a credit.  What is the new balance?

• debit
• credit

What is the Post. Ref. column on the account form used for?

• To record the date

• To record the page number

• To record the account number

• we don't use it

What does the account number in the post reference column of the journal indicate

• The account number

• That you have recorded the item in the ledger

• That you need to record in the ledger

• we don't use it

The procedure for arranging accounts in a general ledger, assigning account numbers, and keeping records current is known as

• general ledger

• file maintenance

• opening an account

• proving cash

A group of accounts is called a 

• journal
• ledger
• post
• entry