CHAPTER 7:
Section 1 The General Ledger
1.
The accounts used by a business can be kept on pages or cards, which are kept together in a book or file called a
a.
chart of accounts
b.
account manager
c.
general ledger
d.
file cabinet
2.
In a manual accounting system, the accounting stationery used to record financial information about specific accounts is a
a.
ledger book
b.
ledger account form
c.
general journal
d.
journal entry book
3.
One of the steps to opening an account with a balance is to
a.
add the debits and credits
b.
record the prior period transactions on a journal entry
c.
place a check mark on the journal entry to indicate it has been recorded in the ledger
d.
place a check mark in the Posting Reference column to show the amount is not being posted from a journal
4.
To open an account with a zero balance
a.
send a notice to the manager
b.
write the account name and number at the top of the ledger form
c.
write a journal entry to record
d.
write account name at the top of the ledger form and the account number at the bottom of the form