Question 1

Separate amounts in a journal's special amount columns are posted individually.

Accepted Answer

A) True 
 B)False

Question 2

The account number is placed in the Post. Ref. column of the journal as the last step in the posting procedure.

Accepted Answer

A) True 
 B)False  True

Question 3

Separate amounts in general amount columns are posted individually.

Accepted Answer

A) True 
 B)False

Question 4

The column total of the General Credit column is posted.

Accepted Answer

A) True 
 B)False

Question 5

The posting reference should always be recorded in the journal's Post. Ref. column before amounts are recorded in the ledger.

Accepted Answer

A) True 
 B)False

Question 6

A group of accounts is called a ledger.

Accepted Answer

A) True 
 B)False

Question 7

All corrections for posting errors should be made in a way that leaves no question as to the correct amount.

Accepted Answer

A) True 
 B)False

Question 8

A check mark in the Post. Ref. column of the journal indicates that the amounts on that line are not posted individually.

Accepted Answer

A) True 
 B)False

Question 9

If the previous account balance and the current entry posted to an account are both debits, the new account balance is a debit.

Accepted Answer

A) True 
 B)False

Question 10

A check mark in parentheses below a General Debit column total indicates that the total is not posted.

Accepted Answer

A) True 
 B)False

Question 11

If posting is interrupted, the accounting personnel know to resume posting

Accepted Answer

A)   on the line with a blank Post. Ref. column in the journal.
B)   at the beginning of the journal page.
C)   the next day.
D)   all of these.

Question 12

If the payment of cash for rent was journalized and posted in error as a debit to Miscellaneous Expense instead of Rent Expense, the correcting entry will include a credit to Cash.

Accepted Answer

A) True 
 B)False

Question 13

The first digit in the account number 520 means that the account is in the

Accepted Answer

A)   expense division of the general ledger.
B)   revenue division of the general ledger.
C)   liability division of the general ledger.
D)   asset division of the general ledger.

Question 14

The procedure of arranging accounts in a general ledger, assigning account numbers, and keeping records current is known as file maintenance.

Accepted Answer

A) True 
 B)False

Question 15

Only the column totals for special amount columns in a journal are posted.

Accepted Answer

A) True 
 B)False

Question 16

If both amounts on a journal line are recorded in special amount columns,

Accepted Answer

A)   only one of the amounts is posted individually.
B)   neither amount is posted individually.
C)   both amounts are posted individually.
D)   all of these.

Question 17

The two steps for opening an account are writing the account title and recording the balance.

Accepted Answer

A) True 
 B)False

Question 18

An account number in the journal's Post. Ref. column shows

Accepted Answer

A)   the date of the entry.
B)   that work on that journal page is completed.
C)   the account to which an amount is posted.
D)   none of these. C

Question 19

Posting references in a journal are

Accepted Answer

A)   the first item recorded when posting.
B)   always placed in an account's Post. Ref. column.
C)   not necessary.
D)   none of these.

Question 20

With the exception of the total lines, the Post. Ref. column of the journal is completely filled in with either an account number or a check mark.

Accepted Answer

A) True 
 B)False  True

Exam 4: Posting to a General Ledger

Separate amounts in a journal's special amount columns are posted individually.

Correct AnswerverifiedShow Answer

The account number is placed in the Post. Ref. column of the journal as the last step in the posting procedure.

Correct AnswerverifiedTrue

Separate amounts in general amount columns are posted individually.

Correct AnswerverifiedShow Answer

The column total of the General Credit column is posted.

Correct AnswerverifiedShow Answer

The posting reference should always be recorded in the journal's Post. Ref. column before amounts are recorded in the ledger.

Correct AnswerverifiedShow Answer

A group of accounts is called a ledger.

Correct AnswerverifiedShow Answer

All corrections for posting errors should be made in a way that leaves no question as to the correct amount.

Correct AnswerverifiedShow Answer

A check mark in the Post. Ref. column of the journal indicates that the amounts on that line are not posted individually.

Correct AnswerverifiedShow Answer

If the previous account balance and the current entry posted to an account are both debits, the new account balance is a debit.

Correct AnswerverifiedShow Answer

A check mark in parentheses below a General Debit column total indicates that the total is not posted.

Correct AnswerverifiedShow Answer

If posting is interrupted, the accounting personnel know to resume posting

Correct AnswerverifiedShow Answer

If the payment of cash for rent was journalized and posted in error as a debit to Miscellaneous Expense instead of Rent Expense, the correcting entry will include a credit to Cash.

Correct AnswerverifiedShow Answer

The first digit in the account number 520 means that the account is in the

Correct AnswerverifiedShow Answer

The procedure of arranging accounts in a general ledger, assigning account numbers, and keeping records current is known as file maintenance.

Correct AnswerverifiedShow Answer

Only the column totals for special amount columns in a journal are posted.

Correct AnswerverifiedShow Answer

If both amounts on a journal line are recorded in special amount columns,

Correct AnswerverifiedShow Answer

The two steps for opening an account are writing the account title and recording the balance.

Correct AnswerverifiedShow Answer

An account number in the journal's Post. Ref. column shows

Correct AnswerverifiedC

Posting references in a journal are

Correct AnswerverifiedShow Answer

With the exception of the total lines, the Post. Ref. column of the journal is completely filled in with either an account number or a check mark.

Correct AnswerverifiedTrue

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C

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True