Page 1 AccountingChapter 4 Review
By Carl Lyman
© September 2001
Page 2 Jeopardy
Category1 Category2 Category3 Category4
100 100 100 100
200 200 200 200
300 300 300 300
400 400 400 400
500 500 500 500
Page 3 Credits
• That’s all folks.
Exit
Page 4 Category 1 $100
• The first digit in the account number 120 means that the account is in what division of the general ledger?
Page 5 Category 1 $100
• Asset
Page 6 Category 1 $200
• When accounts are arranged in a general ledger, account numbers are assigned, and the chart of accounts is kept up to date, the accounting personnel are….
Page 7 Category 1 $200
• Doing file maintenance
Page 8 Category 1 $300
• A new account to be added between accounts 530 and 540 will be assigned the number….
Page 9 Category 1 $300
• 535
Page 10 Category 1 $400
• A business has the following expense accoutns:
• 510 Advertising Expense• 520 Misc. Expense• 530 Repair Expense
A new account titled Utilties Expense is added. The account number is….
Page 11 Category 1 $400
• 540
Page 12 Category 1 $500
• The procedure for transferring information from a journal entry to a ledger account is…
Page 13 Category 1 $500
• posting
Page 14 Category 2 $100
• The first step I the posting procedure is writing …
Page 15 Category 2 $100
• The entry date in the date column of the account
Page 16 Category 2 $200
• An account number in the journal’s Post Ref. column shows ….
Page 17 Category 2 $200
• The account to which an amount is posted
Page 18 Category 2 $300
• If posting is interrupted, then a person knows to resume posting at…
Page 19 Category 2 $300
• The line with a blank Post Ref. column on the General Journal
Page 20 Category 2 $400
• Separate amounts in the General Debit and General Credit amount columns of a journal are posted…
Page 21 Category 2 $400
• individually
Page 22 Category 2 $500
• Checkmarks are placed in parentheses below the General Debit and Credit column totals to show that …
Page 23 Category 2 $500
• The totals are not posted
Page 24 Category 3 $100
• If all separate amounts on a journal line are recorded in special amount columns, you will post the…
Page 25 Category 3 $100
• Column totals not the individual amounts
Page 26 Category 3 $200
• Separate amounts in the Sales Credit column of a journal are
Page 27 Category 3 $200
• Totaled and posted as a total
Page 28 Category 3 $300
• The separate amounts in the Cash Debit column of a journal are posted…
Page 29 Category 3 $300
• Totaled and posted as a total
Page 30 Category 3 $400
• Answer
Page 31 Category 3 $400
• Question?
Page 32 Category 3 $500
• Answer
Page 33 Category 3 $500
• Question?
Page 34 Category 4 $100
• Answer
Page 35 Category 4 $100
• Question?
Page 36 Category 4 $200
• Answer
Page 37 Category 4 $200
• Question?
Page 38 Category 4 $300
• Answer
Page 39 Category 4 $300
• Question?
Page 40 Category 4 $400
• Answer
Page 41 Category 4 $400
• Question?
Page 42 Category 4 $500
• Answer
Page 43 Category 4 $500
• Question?