app_e - APPENDIX E SUBSIDIARY LEDGERS AND SPECIAL JOURNALS...

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APPENDIX E SUBSIDIARY LEDGERS AND SPECIAL JOURNALS SUMMARY OF QUESTIONS BY OBJECTIVES AND BLOOM’S TAXONOMY Ite SO BT Ite SO BT Ite SO BT Ite SO BT Ite SO BT True-False Statements 1. 1 K 5. 1 K 9. 2 K 13. 2 C 17. 3 K 2. 1 K 6. 1 C 10. 2 K 14. 2 K 18. 3 C 3. 1 K 7. 1 K 11. 2 K 15. 2 K 19. 3 K 4. 1 C 8. 1 C 12. 2 K 16. 3 K 20. 3 K Multiple Choice Questions 21. 1 K 30. 2 K 39. 2 K 48. 3 K 57. 3 K 22. 1 K 31. 2 K 40. 2 K 49. 3 K 58. 3 K 23. 1 K 32. 2 C 41. 2 C 50. 3 K 59. 3 K 24. 1 C 33. 2 K 42. 2 C 51. 3 K 60. 3 C 25. 1 K 34. 2 K 43. 3 C 52. 3 K 61. 3 K 26. 2 K 35. 2 K 44. 3 C 53. 3 K 62. 3 C 27. 2 K 36. 2 K 45. 3 K 54. 3 K 63. 3 K 28. 2 C 37. 2 C 46. 3 K 55. 3 C 64. 3 K 29. 2 K 38. 2 K 47. 3 K 56. 3 K 65. 3 K Exercises 66. 1 AN 69. 2 AP 72. 2 C 75. 3 AN 78. 3 C 67. 1 AP 70. 2 AP 73. 2 C 76. 3 AP 68. 2 C 71. 2 AN 74. 3 C 77. 3 C Completion Statements 79. 1 K 81. 2 K 83. 3 K 80. 2 K 82. 3 K 84. 3 K
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Test Bank for Financial Accounting, Fifth Edition SUMMARY OF STUDY OBJECTIVES BY QUESTION TYPE Ite Typ Ite Typ Ite Typ Ite Typ Ite Typ Ite Typ Ite Typ Study Objective 1 1. TF 4. TF 7. TF 22. MC 25. MC 79. C 2. TF 5. TF 8. TF 23. MC 66. Ex 3. TF 6. TF 21. MC 24. MC 67. Ex Study Objective 2 9. TF 14. TF 29. MC 34. MC 39. MC 69. Ex 80. C 10. TF 15. TF 30. MC 35. MC 40. MC 70. Ex 81. C 11. TF 26. MC 31. MC 36. MC 41. MC 71. Ex 12. TF 27. MC 32. MC 37. MC 42. MC 72. Ex 13. TF 28. MC 33. MC 38. MC 68. Ex 73. Ex Study Objective 3 16. TF 44. MC 50. MC 56. MC 62. MC 76. Ex 17. TF 45. MC 51. MC 57. MC 63. MC 77. Ex 18. TF 46. MC 52. MC 58. MC 64. MC 78. Ex 19. TF 47. MC 53. MC 59. MC 65. MC 82. C 20. TF 48. MC 54. MC 60. MC 74. Ex 83. C 43. MC 49. MC 55. MC 61. MC 75. Ex 84. C Note: TF = True-False C = Completion MC = Multiple Choice Ex = Exercise This Appendix also contains one set of five Matching questions and one Short-Answer Essay question. CHAPTER STUDY OBJECTIVES 1. Describe the nature and purpose of a subsidiary ledger. A subsidiary ledger is a group of accounts with a common characteristic. It facilitates the recording process by freeing the general ledger from details of individual balances. 2. Explain how special journals are used in journalizing. A special journal is used to group similar types of transactions. In a special journal, only one line is used to record a complete transaction. 3. Indicate how a multi-column journal is posted. In posting a columnar journal: (a) all column totals except for the Other Accounts column are posted once at the end of the month to the account title specified in the column heading. (b) the total of the Other Accounts column is not posted. Instead, the individual amounts comprising the total are posted separately to the general ledger accounts specified in the Accounts column. (c) the individual amounts in a column posted in total to a control account are posted daily to the subsidiary ledger accounts specified in the Accounts column. E - 2
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Subsidiary Ledgers and Special Journals TRUE-FALSE STATEMENTS 1. A subsidiary ledger is a group of control accounts which provides information to the managers for controlling the operation of the company.
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app_e - APPENDIX E SUBSIDIARY LEDGERS AND SPECIAL JOURNALS...

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