Unit9

Unit9

University

40 Qs

quiz-placeholder

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Unit9

Unit9

Assessment

Quiz

Other

University

Easy

Created by

Nguyễn Linh

Used 1+ times

FREE Resource

40 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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.

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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