Textbook 3-4

What is the first step in proving a journal page according to the lesson?

• Verify that the total debits and total credits are equal.

• Add each of the amount columns.

• Add the debit column totals, and then add the credit column totals.

• Carry forward the totals to the next page.

What must be done if the total debits do not equal the total credits on a journal page?

• The page is approved as is.

• The errors must be found and corrected before any more work is completed.

• The totals are carried forward to the next page regardless.

• The credit column totals are ignored.

What indicates that a journal page is proved?

• The total debits are less than the total credits.

• The total credits are carried forward to the next page.

• The total debits equal the total credits.

• The debit column totals are greater than the credit column totals.

What is the first step in ruling a journal page after it is proved?

• Write the date in the Date column.

• Rule a single line across all amount columns directly below the last entry.

• Write each column total below the single line.

• Rule double lines below the column totals across all amount columns.

Where should 'Carried Forward' be written in the ruling process of a journal page?

• In the Date column.

• Below the single line.

• In the Account Title column.

• Below the double lines.

What symbol is placed in the Post. Ref. column when 'Carried Forward' is written in the Account Title column?

• A check mark.

• A dash.

• A double slash.

• No symbol is required.

What does ruling double lines below the column totals indicate?

• That the page is incomplete.

• That the amounts are totals and the sum of the debit totals equals the sum of the credit totals.

• That there are no more transactions for the month.

• That the journal page is not proved yet.

According to the FYI section, why might an account title be abbreviated in accounting records?

• If the title is too complex to understand.

• If the title is long and the space is short.

• If the title is rarely used.

• If the title is not important.

What is the first step in starting a new journal page according to the learning material?

• Record the column totals brought forward from the previous page.

• Write the date in the Date column.

• Write the page number at the top of the journal.

• Write Brought Forward in the Account Title column.

What should be written in the Account Title column when carrying forward the totals from the previous page?

• The name of the account affected.

• The words "Miscellaneous Expense."

• The words "Brought Forward."

• The date of the transaction.