
Accounting (Chapters 4-6)
Authored by Erin Niebrugge
Business
10th - 12th Grade
Used 2+ times

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42 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All corrections for posting errors should be made in a way that leaves no question as to the correct amount
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A group of accounts is called a ledger.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When posting is complete, the Post. Ref. column in the General Journal is completely filled in with account numbers.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When adding a new expense account between accounts numbered 510 and 520, the new account is assigned the account number 515.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The procedure of arranging accounts in a general ledger, assigning account numbers, and keeping records current is known as file maintenance.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The last step in the posting procedure is to write the
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