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AccountingChapter 4 Review
By Carl Lyman
© September 2001
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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
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Credits
• That’s all folks.
Exit
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Category 1 $100
• The first digit in the account number 120 means that the account is in what division of the general ledger?
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Category 1 $100
• Asset
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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….
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Category 1 $200
• Doing file maintenance
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Category 1 $300
• A new account to be added between accounts 530 and 540 will be assigned the number….
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Category 1 $300
• 535
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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….
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Category 1 $400
• 540
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Category 1 $500
• The procedure for transferring information from a journal entry to a ledger account is…
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Category 1 $500
• posting
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Category 2 $100
• The first step I the posting procedure is writing …
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Category 2 $100
• The entry date in the date column of the account
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Category 2 $200
• An account number in the journal’s Post Ref. column shows ….
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Category 2 $200
• The account to which an amount is posted
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Category 2 $300
• If posting is interrupted, then a person knows to resume posting at…
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Category 2 $300
• The line with a blank Post Ref. column on the General Journal
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Category 2 $400
• Separate amounts in the General Debit and General Credit amount columns of a journal are posted…
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Category 2 $400
• individually
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Category 2 $500
• Checkmarks are placed in parentheses below the General Debit and Credit column totals to show that …
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Category 2 $500
• The totals are not posted
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Category 3 $100
• If all separate amounts on a journal line are recorded in special amount columns, you will post the…
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Category 3 $100
• Column totals not the individual amounts
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Category 3 $200
• Separate amounts in the Sales Credit column of a journal are
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Category 3 $200
• Totaled and posted as a total
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Category 3 $300
• The separate amounts in the Cash Debit column of a journal are posted…
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Category 3 $300
• Totaled and posted as a total
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Category 3 $400
• Answer
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Category 3 $400
• Question?
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Category 3 $500
• Answer
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Category 3 $500
• Question?
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Category 4 $100
• Answer
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Category 4 $100
• Question?
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Category 4 $200
• Answer
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Category 4 $200
• Question?
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Category 4 $300
• Answer
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Category 4 $300
• Question?
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Category 4 $400
• Answer
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Category 4 $400
• Question?
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Category 4 $500
• Answer
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Category 4 $500
• Question?