
Accounting Chapter 4 Test
Quiz
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others
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Practice Problem
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Hard
Antje Carter
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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A journal shows in one place all the changes in a single account.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Account numbers may be assigned by 10s so that new accounts can be added easily.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The procedure of arranging accounts in a general ledger, assigning account numbers, and keeping records current is posting.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a business has only two asset accounts, Cash and Supplies, the two accounts are numbered 110 and 120.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A group of accounts is called a ledger.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A journal page number is written in the Post. Ref. column of an account to show that posting of the entry is completed.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The account number is placed in the Post. Ref. column of the journal as the last step in the posting procedure.
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