Test Bank For College Accounting A Practical Approach 14th Canadian Edition Jeffrey Slater, Debra Good.pdf

,DOWNLOAD THE Test Bank for College Accounting Practical Approach 13th Editio
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n Slater z




CollegezAccounting,z13Cez(Slater)
Chapterz2z z DebitszandzCredits:zAnalyzingzandzRecordingzBusinesszTransactions

2.1 RecordingztransactionszinzTzaccountszaccordingztozthezruleszofzdebitzandzcredit.

1) OnezofzthezfollowingzstatementszdoesznotzhelpztozexplainzthezdesignzofzazTzaccount:
A) Thezaccountzhaszazbalance.
B) Thezaccountzhaszazleftzside.
C) Thezaccountzhaszazrightzside.
D) Thezaccountzhaszaztitle.
zAnswer:z A

Diff:z2
Type:zMC
z Objective:z 2-1

2) WhenzspeakingzofzthezStandardzAccountzForm,zitziszTRUEztozsayzthat
A) Itziszwidelyzusedzinzbusinesszrecordsztoday.
B) Thezformzhasznozroomzforzindicatingzeitherzazdebitzorzazcredit.
C) TherezisznozDatezcolumnzincludedzinzthiszform.
D) Allzofzazcompany'szaccountsztogetherzformzazledger.
zAnswer:z D

Diff:z2
Type:zMC
z Objective:z 2-1

3) WhichzofzthesezstatementszaboutzTzaccountsziszFALSE?
A) Theyzarezusedzmainlyzinzclassroomzdemonstrations.
B) Theyzhavezbothzazleftzsidezandzazrightzside.
C) Theyzarezusedzextensivelyzinzcomputerzaccounting.
D) Eachzaccountzhaszaznormalzbalancezwhichziszeitherzazdebitzorzazcredit.
zAnswer:z C

Diff:z1
Type:zMC
z Objective:z 2-1

4) Whatzdeviceziszusedztozrecordzthezincreaseszandzdecreaseszcausedzbyzbusinessztransactionszto
zindividual zassets,zliabilities,zandzowner'szequity?

A) Chartzofzaccounts
B) Account
C) TrialzBalance
D) Footings
zAnswer:z B

Diff:z1
Type:zMC
z Objective:z 2-1




1
Copyrightz©z2018zPearsonzCanada,zInc.
mynursytest.store

,DOWNLOAD THE Test Bank for College Accounting Practical Approach 13th Editio
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n Slater z




5) Anzaccountzhadzazstartingzdebitzbalancezofz$350.z Therezwerezdebitzpostingszofz$400zandzcreditzpostingsz
ofz$200zduringzthezmonth.z Thezendingzbalancezis
A) $550zdebit.
B) $450zcredit.
C) $950zdebit.
D) $200zdebit.
zAnswer:z A

Diff:z2
Type:zMC
z Objective:z 2-1

6) Thezwordz"debit"zcomeszfromzwhichzlanguage?
A) Latin
B) French
C) Italian
D) Norskz
Answer:z A
Diff:z1
Type:zMC
z Objective:z 2-1

7) Withzrespectztozthezbalancingzofzanzaccount,zwhichzonezofzthesezstatementsziszFALSE?
A) Ifztheztotalzonzthezcreditzsidezwaszthezlarger,zthezbalanceziszazcredit.
B) Dollarzsignszarezalwayszusedztozdesignatezazbalancezamount.
C) Footingszofzeachzsidezofzthezaccountzarezneededztozdeterminezthezbalance.
D) Ifztheztotalzonzthezdebitzsidezwaszthezlarger,zthezbalanceziszazdebit.
zAnswer:z B

Diff:z1
Type:zMC
z Objective:z 2-1

8) AccountszReceivablezhadzaznormalzstartingzbalancezofz$1000.zTherezwerezdebitzpostingszofz$800zandz
creditzpostingszofz$400zduringzthezmonth.zThezendingzbalancezis
A) $600zcredit.
B) $1,400zdebit.
C) $2,200zdebit.
D) $1,400zcredit.
Answer:z B
Diff:z2
Type:zMC
z Objective:z 2-2

9) Anzaccountzhadzaz$500zcreditzstartingzbalance.z Therezwerezdebitzpostingszofz$400zandzcreditzpostingszof
$150zduringzthezmonth.z Thezendingzbalancezis
A) $250zcredit.
B) $750zdebit.
C) $1050zcredit.
D) $150zcredit.
zAnswer:z A

Diff:z2

2
Copyrightz©z2018zPearsonzCanada,zInc.
mynursytest.store

, Type:zMC
z Objective:z 2-1




3
Copyrightz©z2018zPearsonzCanada,zInc.
mynursytest.store