WorksheetsThe General Ledger 7
Total questions: 12
Worksheet time: 6mins
Which of the following means posting?
entering a source document into a General Journal
transferring from the General Journal to the accounts in the Ledger
A permanent record organized by account number is found in the
General Journal
General Ledger
Trial Balance
Source Document
Information about specific accounts is recorded in the
source document.
General Journal
Ledger Account Forms
Trial Balance
When opening an account in the General Ledger we
enter the source document in the journal
verify the source document
make a list of all debits and credits
write the name of the account and its number
Which steps are correct for posting?
verify the source document and enter it in the General Journal
enter date, leave description blank, fill out post ref, enter the amount, calculate the balance, enter account number in Journal
When an account's balance is on the debit side and another debit entry occurs, we
add both
subtract both
do nothing
divide both
When the balance of an account is on the credit side and another credit amount is entered, we
add both
subtract both
do nothing
multiply both
When the balance of the cash in hand is $5,000 and we post a credit amount of $300, the new balance will be
$5,000
$5,300
$4,700
$300
When an account has a zero balance, we
write zero in the normal balance side
draw a horizontal line across the center of the column
The trial balance is
a list of all the account names and their balances
a place where source documents are recorded
a place where the journal entries are posted
a place to verify the source documents
A transposition error occurs when
two digits within an amount are reversed
a decimal point is moved by mistake
A slide error occurs when
two digits within an amount are accidentally reversed.
a decimal point is moved by mistake.
