Accounting Worksheets--Quiz--Ch. 6

The length of time for which a business summarizes and reports financial information.

• Work Sheet

• Adjustments

• Fiscal Period

• Trial Balance

A form used to summarize the general ledger information needed to prepare financial statements.

• Work Sheet

• Fiscal Period

• Trial Balance

• Adjustments

A proof of the equality of debits and credits in a general ledger.

• Work Sheet

• Fiscal Period

• Adjustments

• Trial Balance

What is written on the three-line heading on a worksheet?

• Name of company

• name of the report

• Date of report

• None of these

• Answer 1, 2 & 3

What general ledger accounts are listed in the trial balance columns of a work sheet?

• None of them

• All of them

• Only ones with balances

• Fried Chicken

Which of the following is an example of consistent reporting?

• Reporting the number of deliveries made every year.

• Choosing something different to report each year.

• Consistently reporting incorrect data.

• Reporting revenue from deliveries one year & the number of deliveries next year.

Which of the following are incorrect ways to fill out the date on a worksheet?

• 8/31/2019

• For the month ended August 31, 2019

• For the year ended December 31, 2019

• 7/14/2019

A source document is a business paper that proves a transaction occurred.

• True
• False

Which of the following is a calendar year accounting period?

• Jan. 1 - Dec. 31
• Feb. 1 - Jan. 31
• July 1 - June 30
• April 15 - March 31

If an error is discovered before posting occurs, simply draw a line through the incorrect item and write the correct item above it.

• True
• False