Chapter 4 - Test A: Part 1: Analyzing
Accounting Concepts and Procedure
All corrections for posting errors should be made in a way
that leaves no questions as to the correct amount - Correct
Answers ✅True
A journal shows in one place all the changes in a single
account - Correct Answers ✅False
The account number is placed in the Post. Ref. column of the
journal as the last step in the posting procedure - Correct
Answers ✅True
The posting reference should always be recorded in the
journal's Post. Ref. column before amounts are recorded in
the ledger - Correct Answers ✅False
The two steps for opening an account are writing the account
title and recording the balance - Correct Answers ✅False
The procedure of arranging accounts in a general ledger,
assigning account numbers, and keeping records current is
known as file maintance - Correct Answers ✅True
The Cash account is the first asset account and is numbered
110 - Correct Answers ✅True
Accounting Concepts and Procedure
All corrections for posting errors should be made in a way
that leaves no questions as to the correct amount - Correct
Answers ✅True
A journal shows in one place all the changes in a single
account - Correct Answers ✅False
The account number is placed in the Post. Ref. column of the
journal as the last step in the posting procedure - Correct
Answers ✅True
The posting reference should always be recorded in the
journal's Post. Ref. column before amounts are recorded in
the ledger - Correct Answers ✅False
The two steps for opening an account are writing the account
title and recording the balance - Correct Answers ✅False
The procedure of arranging accounts in a general ledger,
assigning account numbers, and keeping records current is
known as file maintance - Correct Answers ✅True
The Cash account is the first asset account and is numbered
110 - Correct Answers ✅True
