AACOUNTANCY POSTING JOURNAL

1. What is the process of transferring journal entry information to the ledger ?

• A) Journalizing

• B) Posting

• C) Balancing

• D) Adjusting

Which side of the ledger does credit side increases -------------------------

c. Debit

d. Credit

• a. Left

• b. Right

2- The right side of a T account is known as ------------------------

• Debit

• Credit

Posted cash balance as $25 instead of $52. Identify the error.

• Slide Error

• Error of ommission

• Transpositional Error

• Error of principle

When an amount $9o is written as $900 _______ error has occured.

• Transposition error

• Slide error

• Error of omission

• Error of principle.

Transpositional errors are evenly divisible by the number?

• 4

• 3

• 9

• 8

8-What is the purpose of posting entries to the ledger?

• a. To record the transaction.

• b. To calculate the new balance.

• c. To summarize and classify the transaction.

• d. None of the above