
CHAPTER 4 -- T/F
Authored by TRAVIS PAULSEN
Business
9th - 12th Grade
Used 6+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The column total of the General Debit column is posted.
true
false
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Only the column totals for special amount columns in a journal are posted.
TRUE
FALSE
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The cash account is the first asset account and is numbered 100.
TRUE
FALSE
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.
TRUE
FALSE
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A journal shows in one place all the changes in a single account.
TRUE
FALSE
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Account numbers may be assigned by 10s so that new accounts can be added easily.
TRUE
FALSE
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The posting reference should always be recorded in the journal’s Post. Ref. column before amounts are recorded in the ledger.
TRUE
FALSE
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