The accounts in a business are kept in a book called a ledger
Ch 7 posting journal entries to general ledger

Quiz
•
Life Skills
•
9th - 12th Grade
•
Medium

Laura Wahr
Used 112+ times
FREE Resource
14 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
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
Create a free account and access millions of resources
Similar Resources on Wayground
18 questions
Accounting Ch 8 Review

Quiz
•
9th - 12th Grade
13 questions
Financial Literacy Banking

Quiz
•
12th Grade
13 questions
Quiz Review: Average daily balance

Quiz
•
9th - 12th Grade
13 questions
Types of Savings Accounts

Quiz
•
12th Grade
15 questions
5.02 Savings Tools Note Taking Guide

Quiz
•
9th - 12th Grade
15 questions
Social Media Survival Quiz- Seniors

Quiz
•
9th Grade - University
10 questions
QUIZ 1 - 3RD QUARTER - TLE 10

Quiz
•
10th Grade
16 questions
Banking Vocabulary

Quiz
•
7th - 12th Grade
Popular Resources on Wayground
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade
Discover more resources for Life Skills
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade