DOWNLOAD THE Test Bank for College Accounting 14th Edition Slater
k k k k k k k k k
CollegekAccounting,k14Cek(Slater/Good)
Chapterk2 DebitskandkCredits:kAnalyzingkandkRecordingkBusinesskTransactions
2.1 RecordingktransactionskinkTkaccountskaccordingktokthekruleskofkdebitkandkcredit.
1) OnekofkthekfollowingkstatementskdoesknotkhelpktokexplainkthekdesignkofkakTkaccount:
A) Thekaccountkhaskakbalance.
B) Thekaccountkhaskakspacekforkrecordingkincreaseskinkthekamount.
C) Thekaccountkhaskakspacekforkrecordingkdecreaseskinkthekamount.
D) Thekaccountkhaskaktitle.k
Answer:k A
Diff:k2
Type:kMC
kObjective:k 2-1
2) WhenkspeakingkofkthekStandardkAccountkForm,kitkiskTRUEktoksaykthat
A) Itkisknotkusedkinkbusinesskrecordsktoday.
B) Thekformkhasknokroomkforkindicatingkeitherkakdebitkorkakcredit.
C) TherekisknokDatekcolumnkincludedkinkthiskform.
D) Allkofkakcompany'skaccountsktogetherkformkakledger.k
Answer:k D
Diff:k2
Type:kMC
kObjective:k 2-1
3) WhichkofkthesekstatementskaboutkTkaccountskiskFALSE?
A) Theykarekoftenkusedktokhelpkaccountantskmakekdecisions.
B) Theykhavekbothkakleftksidekandkakrightkside.
C) Theykarekusedkextensivelykinkcomputerkaccounting.
D) Eachkaccountkhaskaknormalkbalancekwhichkiskeitherkakdebitkorkakcredit.k
Answer:k C
Diff:k1
Type:kMC
kObjective:k 2-1
4) Whatkdevicekiskusedktokrecordkthekincreaseskandkdecreaseskcausedkbykbusinessktransactionsktoki
ndividualkassets,kliabilities,kandkowner'skequity?
A) Chartkofkaccounts
B) Account
C) TrialkBalance
D) Footings
kAnswer:k B
Diff:k1
Type:kMC
kObjective:k 2-1
1
Copyrightk©k2021kPearsonkEducation,kInc.
mynursytest.store
,DOWNLOAD THE Test Bank for College Accounting 14th Edition Slater
k k k k k k k k k
5) Ankaccountkhadkakstartingkdebitkbalancekofk$350.k Therekwerekdebitkpostingskofk$400kandkcr
editkpostingskofk$200kduringkthekmonth.k Thekendingkbalancekis
A) $550kdebit.
B) $450kcredit.
C) $950kdebit.
D) $200kdebit.
kAnswer:k A
Diff:k2
Type:kMC
kObjective:k 2-1
6) Thekwordk"debit"kcomeskfromkwhichklanguage?
A) Latin
B) French
C) Italian
D) NorskkA
nswer:k A
Diff:k1
Type:kMC
kObjective:k 2-1
7) Withkrespectktokthekbalancingkofkankaccount,kwhichkonekofkthesekstatementskiskFALSE?
A) Ifkthektotalkonkthekcreditksidekwasktheklarger,kthekbalancekiskakcredit.
B) Dollarksignskarekalwayskusedktokdesignatekakbalancekamount.
C) Footingskofkeachksidekofkthekaccountkarekneededktokdeterminekthekbalance.
D) Ifkthektotalkonkthekdebitksidekwasktheklarger,kthekbalancekiskakdebit.k
Answer:k B
Diff:k1
Type:kMC
kObjective:k 2-1
8) AccountskReceivablekhadkaknormalkstartingkbalancekofk$1000.kTherekwerekdebitkpostingskof
$800kandkcreditkpostingskofk$400kduringkthekmonth.kThekendingkbalancekis
A) $600kcredit.
B) $1,400kdebit.
C) $2,200kdebit.
D) $1,400kcredit.
kAnswer:k B
Diff:k2
Type:kMC
kObjective:k 2-1
9) Ankaccountkhadkak$500kcreditkstartingkbalance.k Therekwerekdebitkpostingskofk$400kandkcreditkp
ostingskofk$150kduringkthekmonth.k Thekendingkbalancekis
A) $250kcredit.
B) $750kdebit.
C) $1050kcredit.
D) $150kcredit.
2
Copyrightk©k2021kPearsonkEducation,kInc.
mynursytest.store
,DOWNLOAD THE Test Bank for College Accounting 14th Edition Slater
k k k k k k k k k
kAnswer:k A
Diff:k2
Type:kMC
kObjective:k 2-1
3
Copyrightk©k2021kPearsonkEducation,kInc.
mynursytest.store
, DOWNLOAD THE Test Bank for College Accounting 14th Edition Slater
k k k k k k k k k
10) ThekbeginningkbalancekinkthekComputerskaccountkwask$2,500.kThekcompanykpurchasedkanka
dditionalk$500kworthkofkcomputers.kThekbalancekinkthekaccountkis
A) debitkofk$2,000.
B) creditkofk$3,000.
C) debitkofk$3,000.
D) creditkofk$2,000.k
Answer:k C
Diff:k1
Type:kMC
kObjective:k 2-1
11) Cashkhadkaknormalkstartingkbalancekofk$600.kTherekwerekdebitkpostingskofk$200kandkcreditkp
ostingskofk$300kduringkthekmonth.kThekendingkbalancekis
A) $500kcredit.
B) $1,100kdebit.
C) $500kdebit.
D) $1,100kcredit.
kAnswer:k C
Diff:k2
Type:kMC
kObjective:k 2-1
12) Cashkincreaseskonkthekdebitksidekofkthekaccount.k
Answer:k TRUE
Diff:k1
Type:kTF
kObjective:k 2-1
13) Revenueskarekrecordedkaskcredits.k
Answer:k TRUE
Diff:k1
Type:kTF
kObjective:k 2-1
14) Akchartkofkaccountskiskaklistingkofkthekaccountskandktheirkendingkbalances.k
Answer:k FALSE
Diff:k1
Type:kTF
kObjective:k 2-1
15) Revenuekincreaseskonkthekdebitksidekofkthekaccount.k
Answer:k FALSE
Diff:k1
Type:kTF
kObjective:k 2-1
16) AccountskPayablekincreaseskonkthekcreditksidekofkthekaccount.k
4
Copyrightk©k2021kPearsonkEducation,kInc.
mynursytest.store
k k k k k k k k k
CollegekAccounting,k14Cek(Slater/Good)
Chapterk2 DebitskandkCredits:kAnalyzingkandkRecordingkBusinesskTransactions
2.1 RecordingktransactionskinkTkaccountskaccordingktokthekruleskofkdebitkandkcredit.
1) OnekofkthekfollowingkstatementskdoesknotkhelpktokexplainkthekdesignkofkakTkaccount:
A) Thekaccountkhaskakbalance.
B) Thekaccountkhaskakspacekforkrecordingkincreaseskinkthekamount.
C) Thekaccountkhaskakspacekforkrecordingkdecreaseskinkthekamount.
D) Thekaccountkhaskaktitle.k
Answer:k A
Diff:k2
Type:kMC
kObjective:k 2-1
2) WhenkspeakingkofkthekStandardkAccountkForm,kitkiskTRUEktoksaykthat
A) Itkisknotkusedkinkbusinesskrecordsktoday.
B) Thekformkhasknokroomkforkindicatingkeitherkakdebitkorkakcredit.
C) TherekisknokDatekcolumnkincludedkinkthiskform.
D) Allkofkakcompany'skaccountsktogetherkformkakledger.k
Answer:k D
Diff:k2
Type:kMC
kObjective:k 2-1
3) WhichkofkthesekstatementskaboutkTkaccountskiskFALSE?
A) Theykarekoftenkusedktokhelpkaccountantskmakekdecisions.
B) Theykhavekbothkakleftksidekandkakrightkside.
C) Theykarekusedkextensivelykinkcomputerkaccounting.
D) Eachkaccountkhaskaknormalkbalancekwhichkiskeitherkakdebitkorkakcredit.k
Answer:k C
Diff:k1
Type:kMC
kObjective:k 2-1
4) Whatkdevicekiskusedktokrecordkthekincreaseskandkdecreaseskcausedkbykbusinessktransactionsktoki
ndividualkassets,kliabilities,kandkowner'skequity?
A) Chartkofkaccounts
B) Account
C) TrialkBalance
D) Footings
kAnswer:k B
Diff:k1
Type:kMC
kObjective:k 2-1
1
Copyrightk©k2021kPearsonkEducation,kInc.
mynursytest.store
,DOWNLOAD THE Test Bank for College Accounting 14th Edition Slater
k k k k k k k k k
5) Ankaccountkhadkakstartingkdebitkbalancekofk$350.k Therekwerekdebitkpostingskofk$400kandkcr
editkpostingskofk$200kduringkthekmonth.k Thekendingkbalancekis
A) $550kdebit.
B) $450kcredit.
C) $950kdebit.
D) $200kdebit.
kAnswer:k A
Diff:k2
Type:kMC
kObjective:k 2-1
6) Thekwordk"debit"kcomeskfromkwhichklanguage?
A) Latin
B) French
C) Italian
D) NorskkA
nswer:k A
Diff:k1
Type:kMC
kObjective:k 2-1
7) Withkrespectktokthekbalancingkofkankaccount,kwhichkonekofkthesekstatementskiskFALSE?
A) Ifkthektotalkonkthekcreditksidekwasktheklarger,kthekbalancekiskakcredit.
B) Dollarksignskarekalwayskusedktokdesignatekakbalancekamount.
C) Footingskofkeachksidekofkthekaccountkarekneededktokdeterminekthekbalance.
D) Ifkthektotalkonkthekdebitksidekwasktheklarger,kthekbalancekiskakdebit.k
Answer:k B
Diff:k1
Type:kMC
kObjective:k 2-1
8) AccountskReceivablekhadkaknormalkstartingkbalancekofk$1000.kTherekwerekdebitkpostingskof
$800kandkcreditkpostingskofk$400kduringkthekmonth.kThekendingkbalancekis
A) $600kcredit.
B) $1,400kdebit.
C) $2,200kdebit.
D) $1,400kcredit.
kAnswer:k B
Diff:k2
Type:kMC
kObjective:k 2-1
9) Ankaccountkhadkak$500kcreditkstartingkbalance.k Therekwerekdebitkpostingskofk$400kandkcreditkp
ostingskofk$150kduringkthekmonth.k Thekendingkbalancekis
A) $250kcredit.
B) $750kdebit.
C) $1050kcredit.
D) $150kcredit.
2
Copyrightk©k2021kPearsonkEducation,kInc.
mynursytest.store
,DOWNLOAD THE Test Bank for College Accounting 14th Edition Slater
k k k k k k k k k
kAnswer:k A
Diff:k2
Type:kMC
kObjective:k 2-1
3
Copyrightk©k2021kPearsonkEducation,kInc.
mynursytest.store
, DOWNLOAD THE Test Bank for College Accounting 14th Edition Slater
k k k k k k k k k
10) ThekbeginningkbalancekinkthekComputerskaccountkwask$2,500.kThekcompanykpurchasedkanka
dditionalk$500kworthkofkcomputers.kThekbalancekinkthekaccountkis
A) debitkofk$2,000.
B) creditkofk$3,000.
C) debitkofk$3,000.
D) creditkofk$2,000.k
Answer:k C
Diff:k1
Type:kMC
kObjective:k 2-1
11) Cashkhadkaknormalkstartingkbalancekofk$600.kTherekwerekdebitkpostingskofk$200kandkcreditkp
ostingskofk$300kduringkthekmonth.kThekendingkbalancekis
A) $500kcredit.
B) $1,100kdebit.
C) $500kdebit.
D) $1,100kcredit.
kAnswer:k C
Diff:k2
Type:kMC
kObjective:k 2-1
12) Cashkincreaseskonkthekdebitksidekofkthekaccount.k
Answer:k TRUE
Diff:k1
Type:kTF
kObjective:k 2-1
13) Revenueskarekrecordedkaskcredits.k
Answer:k TRUE
Diff:k1
Type:kTF
kObjective:k 2-1
14) Akchartkofkaccountskiskaklistingkofkthekaccountskandktheirkendingkbalances.k
Answer:k FALSE
Diff:k1
Type:kTF
kObjective:k 2-1
15) Revenuekincreaseskonkthekdebitksidekofkthekaccount.k
Answer:k FALSE
Diff:k1
Type:kTF
kObjective:k 2-1
16) AccountskPayablekincreaseskonkthekcreditksidekofkthekaccount.k
4
Copyrightk©k2021kPearsonkEducation,kInc.
mynursytest.store
