Accounting Ethics

Is the act of reporting unethical or illegal actions by one’s superiors or peers to authorities or to the media.  They can sometimes be viewed as traitors by their employers and co-workers.

• Referee

• Stakeholder

• Accountant

• Whistleblower

The principles of right or wrong that guide an individual in making decisions

• Ethics

• The law

• Code of Conduct

• Integrity

Company property or assets are for business purposes and not for personal use

• TRUE

• FALSE

A group of accounts is called a ledger

• True

• False

A set of guidelines for maintaining ethics in the workplace. 

• Code of Ethics
• Code of Conduct
• Integrity
• Code of Honor

The expense accounts are listed in alphabetical order,

• False

• True

There are _____ steps for posting the total of the Sales Credit Column

• 1

• 5

• 10

• 3

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:

• Posting

• Doing File Maintenance

• Journalizing

• None of These

Transferring information form a journal entry to a ledger account is called

• double entry accounting
• journalizing
• posting 
• transaction entry

Debit on the 

• right
• left