Test bank for college accounting practical approach 13th edition jeffrey slater full chapter

,DOWNLOAD THE Test Bank for College Accounting Practical Approach 13thEditi
b b b b b b b b b b

on Jeffrey Slater b b




CollegebAccounting,b13eb(Slater)
Chapterb2b DebitsbandbCredits:bAnalyzingbandbRecordingbBusinessbTransactions

2.1 LearningbObjectiveb2-1

1) AccountsbPayablebhadbabnormalbstartingbbalancebofb$500.bTherebwerebdebitbpostingsbofb$200bandbcredi
tbpostingsbofb$100bduringbthebmonth.bThebendingbbalancebis:
A) $400bcredit.
B) $800bdebit.
C) $400bdebit.
D) $800bcredit
.bAnswer:bAbDi
ff:b2
LO:b2-1
AACSB:b AnalyticalbThinking
LearningbOutcome:b Analyzebandbrecordbtransactionsbandbtheirbeffectsbonbthebfinancialbstatements

2) ThebbeginningbbalancebinbthebComputersbaccountbwasb$3,000.bThebcompanybpurchasedbanbadditional
$1000bworthbofbcomputers.bThebendingbbalancebinbthebaccountbis:
A) debitbofb$2,000.
B) creditbofb$3,000.
C) debitbofb$4,000.
D) creditbofb$2,000
.bAnswer:bC
Diff:b1
LO:b2-1
AACSB:b AnalyticalbThinking
LearningbOutcome:b Analyzebandbrecordbtransactionsbandbtheirbeffectsbonbthebfinancialbstatements

3) Anbaccountingbdevicebusedbtobrecordbincreasesbandbdecreasesbinbindividualbassets,bliabilities,bcapital
,brevenue,bexpenses,bandbwithdrawalsbisba(n):
A) chartbofbaccounts.
B) account.
C) trialbbalance.
D) footing.b
Answer:bB
bDiff:b2
LO:b2-1
AACSB:b ReflectivebThinking
LearningbOutcome:b Definebaccountingbterms,baccountingbconceptsbandbprinciples




1
Copyrightb©b2016bPearsonbEducation,bInc
.
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,DOWNLOAD THE Test Bank for College Accounting Practical Approach 13thEditi
b b b b b b b b b b

on Jeffrey Slater b b




4) Abformalbaccountbthatbhasbcolumnsbforbdate,bexplanation,bpostingbreference,bdebit,bandbcreditbisbcalle
dbthe:
A) Tbaccount.
B) standardbaccountbform.
C) ledger.
D) chartbofbaccounts.
Answer:b B
Diff:b2
LO:b2-1
AACSB:b ReflectivebThinking
LearningbOutcome:b Definebaccountingbterms,baccountingbconceptsbandbprinciples

5) Abledger:
A) includesballbcompanybaccountsbandbtheirbbalances.
B) canbreplacebthebfinancialbstatements.
C) isbthebsamebasbabchartbofbaccounts.
D) isbknownbasbabworksheet
.bAnswer:b A
Diff:b1
LO:b2-1
AACSB:b ReflectivebThinking
LearningbOutcome:b Definebaccountingbterms,baccountingbconceptsbandbprinciples

6) Thebleftbsidebofbanybaccountbisbthe:
A) debitbside.
B) creditbside.
C) endingbbalance.
D) beginningbbalance.
bAnswer:b A

Diff:b1
LO:b2-1
AACSB:bReflectivebThinking
LearningbOutcome:b Definebaccountingbterms,baccountingbconceptsbandbprinciples

7) Thebrightbsidebofbanybaccountbisbthe:
A) debitbside.
B) creditbside.
C) endingbbalance.
D) beginningbbalance.
bAnswer:b B

Diff:b1
LO:b2-1
AACSB:b ReflectivebThinking
LearningbOutcome:b Definebaccountingbterms,baccountingbconceptsbandbprinciples




2
Copyrightb©b2016bPearsonbEducation,bInc
.
mynursytest.store

, DOWNLOAD THE Test Bank for College Accounting Practical Approach 13thEditi
b b b b b b b b b b

on Jeffrey Slater b b




8) Anbaccountbisbsaidbtobhavebabdebitbbalancebif:
A) thebfootingbofbthebdebitsbexceedsbthebfootingbofbthebcredits.
B) therebarebmorebentriesbonbthebdebitbsidebthanbonbthebcreditbside.
C) itsbnormalbbalancebisbdebitbwithoutbregardbtobthebamountsborbnumberbofbentriesbonbthebdebitbside.
D) theblastbentrybofbthebaccountingbperiodbwasbpostedbonbthebdebitbside
.bAnswer:b A
Diff:b2
LO:b2-1
AACSB:b AnalyticalbThinking
LearningbOutcome:b Definebaccountingbterms,baccountingbconceptsbandbprinciples

9) Thebledgerbis:
A) abgroupbofbaccountsbthatbrecordsbdatabfrombbusinessbtransactions.
B) abtoolbusedbtobinsurebthatballbaccountsbhavebnormalbbalances.
C) abchronologicalbrecordbofbthebday'sbtransactions.
D) abtoolbusedbtobensurebthatbdebitsbequalbcredits
.bAnswer:b A
Diff:b1
LO:b2-1
AACSB:b ReflectivebThinking
LearningbOutcome:b Definebaccountingbterms,baccountingbconceptsbandbprinciples

10) Thebcreditbsidebisbalwaysbthebleftbsidebofbthebaccount
.bAnswer:b FALSE
Diff:b1
LO:b2-1
AACSB:b ReflectivebThinking
LearningbOutcome:b Definebaccountingbterms,baccountingbconceptsbandbprinciples

11) AbTbaccountbisbusedbforbdemonstrationbpurposes
.bAnswer:b TRUE
Diff:b2
LO:b2-1
AACSB:b ReflectivebThinking
LearningbOutcome:b Definebaccountingbterms,baccountingbconceptsbandbprinciples

12) Explainbthebdifferencebbetweenbexpensesbandbwithdrawals.
Answer:b Abwithdrawalbisbusedbforbrecordingbthebowner'sbwithdrawalbofbcompanybassetsbforbpersonalbuse
,bandbnotbrelatedbtobthebbusiness.bExpensesbarebcostsbthebcompanybincursbinbcarryingbonboperationsbinbitsbe
ffortbtobcreatebrevenue.
Diff:b2
LO:b2-1
AACSB:b WrittenbandbOralbCommunication
LearningbOutcome:b Definebaccountingbterms,baccountingbconceptsbandbprinciples




3
Copyrightb©b2016bPearsonbEducation,bInc
.
mynursytest.store