Accounting Chapter 4

Posting references in a journal are

• not necessary.

• the first item recorded when posting.

• always placed in an account's Post. Ref. column.

• none of these.

The last step in the posting procedure is writing the

• entry date in the Date column of the account.

• journal page number in the Post. Ref. column of the account.

• entry amount in the Debit or Credit column of the account.

• none of these.

The first digit in the account number 120 means that the account is in the

• expense division of the general ledger.

• revenue division of the general ledger.

• liability division of the general ledger.

• asset division of the general ledger.

An account number in the journal's Post. Ref. column shows

• the account to which an amount is posted.

• the date of the entry.

• that work on that journal page is completed.

• none of these.

If posting is interrupted, the accounting personnel know to resume posting

• on the line with a blank Post. Ref. column in the journal.

• at the beginning of the journal page.

• on the next day.

• all of these.

A journal shows in one place all the changes in a single account.

• True 
• False

The account number is placed in the Post. Ref. column of the journal as the last step in the posting procedure.

• True
• False

The posting reference should always be recorded in the journal’s Post. Ref. column before amounts are recorded in the ledger.

• True
• False

The two steps for opening an account are writing the account title and recording the balance.

• True
• False

The procedure of arranging accounts in a general ledger, assigning account numbers, and keeping records current is known as file maintenance.

• True
• False