An asset ledger is an accounting ................. for a company that only contains details about assets, rather than a general ledger that records all financial aspects of the company.

Unit9

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Nguyễn Linh
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40 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
journal
record
document
procedure
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Debtors ledger contains the accounts of the individual trade debtors of the business. Individuals, firms and institutions to whom goods and services are sold on ................. by business become the ‘trade debtors’ of the business.
debit
credit
debtors
creditors
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
. Asset ledger commonly has entries that bolster the company’s financial strength but, if an asset decreases in value, ................. also is recorded.
expense
cost
loss
depreciation
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Most businesses are required to have a general ledger, which is made to record every financial dealing within the company; this includes any ................. coming in or going out and the changing of values.
note
money
cash
coin
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An asset ledger only details one aspect of financial dealings: assets. These are things that help give the company money, can be................. into cash or are used to get work done.
converted
broken
taken
turned
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
. In a general ledger, assets are ................. as general assets, with little or no distinguishing features.
analyzed
known
entered
posted
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Ledger posting is the process of transferring the debit and the credit ................. from the Journal to the ledger.
accounts
amount
balance
entries
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