Question 1
A listing of the account numbers and titles but without account balances is the
______________ of accounts.
ANSWER
Chart
Question 2
Prior to approving a vendor's invoice for payment, the invoice, receiving ticket, and
______________ order should be compared.
ANSWER
Purchases
Question 3
The report that sorts a company's accounts receivables into current, 1-30 days past due, 31-
60 days past due, etc. is referred to as the ______________ of accounts receivable.
ANSWER
Aging
Question 4
The amount of insurance premiums that have not yet expired is reported as an
______________.
1
, ANSWER
Assets
Question 5
Adjusting entries are recorded in the ______________ journal.
ANSWER
General
Question 6
The bank statement has an ending balance of $1,700. There are $600 of deposits in transit
and $2,100 of checks outstanding. The adjusted balance per the bank statement is
$______________.
ANSWER
$200.00
Question 7
Which of the following will increase the balance in a liability account?
ANSWER
Credit
Question 8
Which of the following will increase the balance in a revenue account?
ANSWER
2
A listing of the account numbers and titles but without account balances is the
______________ of accounts.
ANSWER
Chart
Question 2
Prior to approving a vendor's invoice for payment, the invoice, receiving ticket, and
______________ order should be compared.
ANSWER
Purchases
Question 3
The report that sorts a company's accounts receivables into current, 1-30 days past due, 31-
60 days past due, etc. is referred to as the ______________ of accounts receivable.
ANSWER
Aging
Question 4
The amount of insurance premiums that have not yet expired is reported as an
______________.
1
, ANSWER
Assets
Question 5
Adjusting entries are recorded in the ______________ journal.
ANSWER
General
Question 6
The bank statement has an ending balance of $1,700. There are $600 of deposits in transit
and $2,100 of checks outstanding. The adjusted balance per the bank statement is
$______________.
ANSWER
$200.00
Question 7
Which of the following will increase the balance in a liability account?
ANSWER
Credit
Question 8
Which of the following will increase the balance in a revenue account?
ANSWER
2
