Accounting Ch 4 Review

If an error requires a correcting entry, the source document describing the correction to be made

• a. depends on the type of error made.
• c. depends on the type of correcting entry.
• b. is a check stub.
• d. is a memorandum.

Determining that the amount of cash agrees with the accounting records is

• a. posting.
• b. journalizing.
• c. proving cash.
• d. none of these.

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

• a. on the line with a blank Post. Ref. column in the journal.
• b. at the beginning of the journal page.
• c. the next day.
• d. all of these.

Posting references in a journal are

• a. the first item recorded when posting.

• b. always placed in an account’s Post. Ref. column.

• c. not necessary.

• d. none of these.

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

• a. the date of the entry.
• b. that work on that journal page is completed.
• c. the account to which an amount is posted.
• d. none of these.

The second step in the posting procedure is to write the

• a. entry date in the Date column of the account.
• b. journal page number in the Post. Ref. column of the account.
• c. account number in the Post. Ref. column of the journal.
• d. entry amount in the Debit or Credit column of the account.

The last step in the posting procedure is to write the

• a. entry date in the Date column of the account.
• b. journal page number in the Post. Ref. column of the account.
• c. account number in the Post. Ref. column of the journal.
• d. entry amount in the Debit or Credit column of the account.

The procedure for transferring information from a journal entry to a ledger account is

• a. posting.
• b. journalizing.
• c. file maintenance.
• d. none of these.

When accounts are arranged in a general ledger, account numbers are assigned, and the chart of accounts is kept up to date, the accounting personnel are

• a. posting.
• b. journalizing.
• c. doing file maintenance.
• d. none of these.

The first digit in the account number 520 means that the account is in the

• a. expense division of the general ledger.
• b. revenue division of the general ledger.
• c. liability division of the general ledger.
• d. asset division of the general ledger.