FREE ACCOUNTING AND STUDY GAMES ABOUT

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FREE ACCOUNTING AND STUDY GAMES ABOUT

ACCOUNTING CHAPTER 4 EXAM QUESTIONS

Actual Qs and Ans Expert-Verified Explanation

This Exam contains:

-Guarantee passing score -7 Questions and Answers -format set of multiple-choice -Expert-Verified Explanation

Question 1: Transferring information from a journal entry to a ledger account.

Answer:

Posting

Question 2: The number assigned to an account.

Answer:

Account Number

Question 3: Writing an accounts title and number on the heading of an account.

Answer:

Opening an Account Question 4: The procedure for arranging accounts in a general ledger, assigning account numbers, and keeping records current.

Answer:

File Maintenance

Question 5: A ledger that contains all accounts needed to prepare financial statements.

Answer:

General Ledger

Question 6: A group of accounts.

Answer:

Ledger Question 7: In such a case, the incorrect journal entry should be corrected with an additional journal entry.

Answer:

Correcting Entry