Mel Wk5 ckpt Chart of Accounts

Mel Wk5 ckpt Chart of Accounts - Chapter5 MultipleChoice

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Chapter 5 Multiple Choice   D     1.  The inventory system used by PCA is called: a.  Sum-of-the-years digits. b.  Double-declining balance. c.  Straight-line. d.  Perpetual inventory. e.  None of the above.   A     2.  A list of all the accounts used by a company showing an identifying number assigned to each account is called: a.  A chart of accounts. b.  Case-sensitive letters. c.  An account number. d.  A general ledger. e.  None of the above.   C     3.  The account(s) added to Bellwether’s Chart of Accounts in this chapter is: a.  Account No. 10200 Regular Checking Account. b.  Account No. 12000 Inventory. c.  Account No. 10500 Money Market Fund d.  a. and c. e.  All of the above.   A     4.  After March 15, 2009 transfer of funds, the General Ledger Trial Balance shows the following amount in the  Money Market Fund account:
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This note was uploaded on 11/09/2010 for the course ACC 250 Accounting taught by Professor Several during the Spring '10 term at University of Phoenix.

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Mel Wk5 ckpt Chart of Accounts - Chapter5 MultipleChoice

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