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BSIS 420 Chapter 2 Practice Quiz

Authored by Carol Trivedi

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University

Used 39+ times

BSIS 420 Chapter 2 Practice Quiz
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

__________ Records and manages all accounting related data associated with a company's customers.

General Ledger Accounting

Accounts Receivable Accounting

Asset Accounting

Accounts Payable Accounting

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_________ Records and manages all accounting related data associated with a company's vendors.

General Ledger Accounting

Accounts Receivable Accounting

Asset Accounting

Accounts Payable Accounting

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

For a general ledger account to be used in Financial Accounting, it must be created first at the ___________.

Chart of Accounts Level

Company Code Level

In the Balance Sheet Statement

In the Profit and Lost Statement

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not part of the General Ledger?

Accounts Receivable

Subsidiary Ledger

Accounts Payable

Cash Account

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which account is used to separate accounting for customers, vendors, and assets?

Subsidiary Ledger

General Ledger

Cash Account

Profit and Loss Accounts

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Key financial accounting processes do not include ________.

General Ledger Accounting

Accounts Receivable

Asset Accounting

Overhead management

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which one is not one of the categories of the general ledger?

Asset

Owner's Equity

Operating Cash Flow

Expenses

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