Ch 7 posting journal entries to general ledger

Ch 7 posting journal entries to general ledger

9th - 12th Grade

14 Qs

quiz-placeholder

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Ch 7 posting journal entries to general ledger

Ch 7 posting journal entries to general ledger

Assessment

Quiz

Life Skills

9th - 12th Grade

Medium

Created by

Laura Wahr

Used 112+ times

FREE Resource

14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The accounts in a business are kept in a book called a ledger

True

False

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Posting is the process of transferring information from the journal to the ledger accounts

True

False

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Every posting require the year, month, day to be entered in the date column of the ledger account

True

False

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

If an account has a zero balance, it is not necessary to list it on the trial balance

True

False

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

An example of a transposition error is writing the number 45 when you should have written 54

True

False

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

An error discovered before posting is usually corrected with a journal entry

True

False

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Opening an account in a ledger involves writing the account title and the account number on the account form

True

False

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