Self Assessment Quizzes

CHAPTER 7: Section 1 The General Ledger

	1.	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

	2.	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

	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.	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