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FREE ACCOUNTING AND STUDY GAMES ABOUT
ACCOUNTING CHAPTER 4 EXAM QUESTIONS
Qs and Ans Expert- Explanation
This Exam contains:
-Guarantee passing score -7 Questions and Answers -format set of multiple-choice -Expert- 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
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