BOOKKEEPING TEST EXAM QUIZZES
WITH ACCURATE ANSWERS .
A listing of the account numbers and titles but without account balances is the ______________ of
accounts. - correct Answers -Chart
Prior to approving a vendor's invoice for payment, the invoice, receiving ticket, and ______________
order should be compared. - correct Answers -Purchases
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. - correct Answers -Aging
The amount of insurance premiums that have not yet expired is reported as an ______________. -
correct Answers -Assets
Adjusting entries are recorded in the ______________ journal. - correct Answers -General
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 $______________. -
correct Answers -$200.00
Which of the following will increase the balance in a liability account? - correct Answers -Credit
Which of the following will increase the balance in a revenue account? - correct Answers -Credit
Rent Expense, Wages Expense, and Advertising Expense are expected to have ____________ balances. -
correct Answers -Debit
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WITH ACCURATE ANSWERS .
A listing of the account numbers and titles but without account balances is the ______________ of
accounts. - correct Answers -Chart
Prior to approving a vendor's invoice for payment, the invoice, receiving ticket, and ______________
order should be compared. - correct Answers -Purchases
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. - correct Answers -Aging
The amount of insurance premiums that have not yet expired is reported as an ______________. -
correct Answers -Assets
Adjusting entries are recorded in the ______________ journal. - correct Answers -General
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 $______________. -
correct Answers -$200.00
Which of the following will increase the balance in a liability account? - correct Answers -Credit
Which of the following will increase the balance in a revenue account? - correct Answers -Credit
Rent Expense, Wages Expense, and Advertising Expense are expected to have ____________ balances. -
correct Answers -Debit
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