Financial accounting assignment 5
1. General journal, general ledger, trial balance: Which of the following gives the
correct sequence of accounting procedures?
2. a debit: An entry on the left side of an account is called?
3. posting: Which of the following procedures involves transferring amounts record-
ed in the general journal to the general ledger accounts?
4. debit cash and credit notes payable: When a company obtains a loan from the
bank, it should
5. a credit to cash and a debit to withdrawal: An owner withdrawal of cash from
the business would be recorded by:
6. debit supplies and credit accounts payable: When a company purchases
supplies on credit, it should
7. Accounts Payable: Which of the following accounts is increased with a credit?
8. general journal: A chronological record of all transactions and the place where
transactions are first recorded is referred to as the
9. debit telephone expense and credit cash: When a company receives and
immediately pays a telephone bill, it should
10. general ledger: A book or file that contains all of the company's accounts
arranged in order of the c hart of accounts is called a
1. General journal, general ledger, trial balance: Which of the following gives the
correct sequence of accounting procedures?
2. a debit: An entry on the left side of an account is called?
3. posting: Which of the following procedures involves transferring amounts record-
ed in the general journal to the general ledger accounts?
4. debit cash and credit notes payable: When a company obtains a loan from the
bank, it should
5. a credit to cash and a debit to withdrawal: An owner withdrawal of cash from
the business would be recorded by:
6. debit supplies and credit accounts payable: When a company purchases
supplies on credit, it should
7. Accounts Payable: Which of the following accounts is increased with a credit?
8. general journal: A chronological record of all transactions and the place where
transactions are first recorded is referred to as the
9. debit telephone expense and credit cash: When a company receives and
immediately pays a telephone bill, it should
10. general ledger: A book or file that contains all of the company's accounts
arranged in order of the c hart of accounts is called a
