WorksheetsAccounting: Posting From a Journal to a Ledger Ch 4
Total questions: 15
Worksheet time: 8mins
The first digit in the account number 520 means that the account is the
expense division of the general ledger
revenue division of the general ledger
liability division of the general ledger
asset division of the general ledger
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
posting
journalizing
doing file maintenance
none of these
The procedure for transferring information from a journal entry to a ledger account is
posting
journalizing
file maintenance
none of these
The last step in the posting procedure is to write the
entry date in the Date column of the account
journal page number in the Post. Ref. column of the account
account number in the Post. Ref. column of the journal
entry amount in the Debit and Credit column of the account
The second step in the posting procedure is to write the
entry date in the Date column of the account
journal page number in the Post. Ref. column of the account
account number in the Post. Ref. column of the account
entry amount in the Debit or Credit column of the account
An account number in the journal's Post. Ref. column shows
the date of the entry
that work on that journal page is completed
the account to which an amount is posted
none of these
Posting references in a journal are
the first item recorded when posting
always placed in an account's Post. Ref. column
not necessary
none of these
All corrections for posting errors should be made in a way that leaves no question as to the correct amount
true
false
The cash account is the first asset account and is numbered 110
true
false
The steps for posting are to write the date, the journal page number, the amount, and the balance.
true
false
A group of accounts is called a ledger
true
false
Determining that the amount of cash agrees with the accounting records is
posting
journalizing
proving cash
none of these
If posting is interrupted, the accounting personnel know to resume posting
on the line with a blank Post. Ref. column in the journal
at the beginning of the journal page
the next day
all of these
The 2 steps for opening an account are writing the account title and recording the balance
true
false
If an error requires a correcting entry, the source document describing the correction to be made
depends on the type of error made
is a check stub
depends on the type of correcting entry
is a memorandum
