(ACC100 -Accountng) Wk 2 Chptr 2 Qz

(ACC100 -Accountng) Wk 2 Chptr 2 Qz - SHANNA HAWXHURST:...

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Grade for SHANNA HAWXHURST: Week 2 Quiz Numeric grade: 5.86/6.25 Letter grade: A Comments: (none) Close Window Autograde Summary These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below. Date Taken: 7/13/2008 3:18:16 PM Time Spent: 2:03:59 Points Received: 45 / 48 (93.8%) Question Type: # Questions: # Correct: Multiple choice 47 45 Essay 1 N/A Grade Details 1. Question: Debit is a term representing_______. Your Answer: the right side of an account an increase a decrease the left side of an account CORRECT Points Received: 1 of 1 2. Question: All of the following are liabilities except_______. Your Answer: note payable accounts receivable CORRECT accounts payable salaries payable Points Received: 1 of 1 3. Question: A chronological record of an entity’s transactions is called a(n)_______. Your Answer: balance sheet ledger trial balance journal CORRECT Points Received: 1 of 1 4. Question: The copying of amounts from the journal to the appropriate ledger accounts is referred to as_______. Your Answer: posting CORRECT journalizing analyzing balancing Points Received: 1 of 1 5. Question: A trial balance contains_______. Your Answer: a list of all accounts without account balances only balance sheet accounts with account balances Page 1 of 9 SHANNA HAWXHURST: Week 2 Quiz 9/7/2008 ..
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all accounts contained in the general ledger with account balances CORRECT only income statement accounts with account balances Points Received: 1 of 1 6. Question: A trial balance is_______. Your Answer: a list of all accounts with their balances CORRECT the first step in the accounting cycle another name for the chart of accounts another name for the balance sheet Points Received: 1 of 1 7. Question: A trial balance contains which types of accounts? Your Answer: assets, liabilities and owner's equity accounts revenue and expense accounts all ledger accounts CORRECT assets and revenue accounts Points Received: 1 of 1 8. Question: A trial balance is_______. Your Answer: another name for a balance sheet a proof that the net income is correct a list of all the accounts of an organization and their related account numbers a list of all the accounts of an organization and their related balances CORRECT Points Received: 1 of 1 9. Question: Accounts are grouped in a book called the_______. Your Answer: trial balance chart of accounts journal ledger CORRECT Points Received: 1 of 1 10. Question: Transactions are first recorded in a(n)_______. Your Answer: journal CORRECT balance sheet account ledger Points Received: 1 of 1 11. Question: All of the following are included in the journal entry for a transaction except_______.
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(ACC100 -Accountng) Wk 2 Chptr 2 Qz - SHANNA HAWXHURST:...

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