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WorksheetsChapter 4 - Posting to a General Ledger
Total questions: 31
Worksheet time: 31mins
Name
Class
Date
1.
The two steps for opening an account are writing the account title and recording the balance.
a)
true
b)
false
2.
The steps for posting are to write the date, the journal page number, the amount, and the balance.
a)
true
b)
false
3.
The account number is placed in the Post. Ref. column of the journal as the last step in the posting procedure.
a)
true
b)
false
4.
The posting reference should always be recorded in the journal’s Post. Ref. column before amounts are recorded in the ledger.
a)
true
b)
false
5.
A group of accounts is called a ledger.
a)
true
b)
false
6.
The procedure of arranging accounts in a general ledger, assigning account numbers, and keeping records current is known as file maintenance.
a)
true
b)
false
7.
Account numbers may be assigned by 10s so that new accounts can be added easily.
a)
true
b)
false
8.
Errors discovered after an entry is posted may be corrected by ruling through the item.
a)
true
b)
false
9.
The Cash account is the first asset account and is numbered 110.
a)
true
b)
false
10.
When posting is complete, the Post. Ref. column of the journal is completely filled in with account numbers.
a)
true
b)
false
11.
The only use for the Post. Ref. column of a journal and general ledger is to indicate which entries in the journal still need to be posted if posting is interrupted.
a)
true
b)
false
12.
If the payment of cash for rent was journalized and posted in error as a debit to Miscellaneous Expense instead of Rent Expense, the correcting entry will include a credit to Cash.
a)
true
b)
false
13.
If the previous account balance and the current entry posted to an account are both debits, the new account balance is a debit.
a)
true
b)
false
14.
All corrections for posting errors should be made in a way that leaves no question as to the correct amount.
a)
true
b)
false
15.
When adding a new expense account between accounts numbered 510 and 520, the new account is assigned the account number 515.
a)
true
b)
false
16.
The first digit in the account number 520 means that the account is in the
a)
expense division of the general ledger.
b)
revenue division of the general ledger.
c)
liability division of the general ledger.
d)
asset division of the general ledger.
17.
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
a)
posting.
b)
journalizing.
c)
doing file maintenance.
d)
none of these.
18.
The procedure for transferring information from a journal entry to a ledger account is
a)
posting.
b)
journalizing.
c)
file maintenance.
d)
none of these.
19.
The last step in the posting procedure is to write the
a)
entry date in the Date column of the account.
b)
journal page number in the Post. Ref. column of the account.
c)
account number in the Post. Ref. column of the journal.
d)
entry amount in the Debit or Credit column of the account.
20.
The second step in the posting procedure is to write the
a)
entry date in the Date column of the account.
b)
journal page number in the Post. Ref. column of the account.
c)
account number in the Post. Ref. column of the journal.
d)
entry amount in the Debit or Credit column of the account.
21.
An account number in the journal’s Post. Ref. column shows
a)
the date of the entry.
b)
that work on that journal page is completed.
c)
the account to which an amount is posted.
d)
none of these.
22.
Posting references in a journal are
a)
the first item recorded when posting.
b)
always placed in an account’s Post. Ref. column.
c)
not necessary.
d)
none of these.
23.
If posting is interrupted, the accounting personnel know to resume posting
a)
on the line with a blank Post. Ref. column in the journal.
b)
at the beginning of the journal page.
c)
the next day.
d)
all of these.
24.
Determining that the amount of cash agrees with the accounting records is
a)
posting.
b)
journalizing.
c)
proving cash.
d)
none of these.
25.
If an error requires a correcting entry, the source document describing the correction to be made
a)
depends on the type of error made.
b)
is a check stub.
c)
depends on the type of correcting entry.
d)
is a memorandum.
26.
Using the Chart of Accounts, what account number would Postage Expense be assigned?
a)
145
b)
230
c)
535
d)
560
27.
Using the Chart of Accounts, what account number would Utilities Expense be assigned?
a)
145
b)
230
c)
535
d)
560
28.
Which of the following would be listed at Account Number 510?
a)
Miscellaneous Expense
b)
Rent Expense
c)
Advertising Expense
d)
Utilities Expense
29.
Which of the following Accounts Payable Accounts would come first in the Chart of Accounts?
a)
Accounts Payable - Gas for Less
b)
Accounts Payable - Ad World
c)
Accounts Payable - The Repair Shop
30.
What is the last account listed in the assets section of the Chart of Accounts
a)
Supplies
b)
Accounts Receivable
c)
Cash
d)
Prepaid Insurance
31.
Which of the following Accounts Payable Accounts would come first in the Chart of Accounts?
a)
Accounts Payable - A. Nickerson
b)
Accounts Payable - B. Jones
c)
Accounts Payable - J. Thomas
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