A shortened form of an account in the ledger is called a A trial balance B

A shortened form of an account in the ledger is

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35) A shortened form of an account in the ledger is called a: A) trial balance. B) balance sheet. C) chart of accounts. D) T-account.
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Answer: D Diff: 1
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36) The Accounts Receivable account of Nuptials Inc. is shown below. Calculate the ending balance of the account. ) Posting a transaction means: Diff: 1 LO: 2-3 AACSB: Concept AICPA Functional: Measurement 8) After initially recording a transaction, the data is then transferred to the:
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9) The accounting process of transferring a transaction from the journal to the ledger is called: A) journalizing. B) posting. C) compounding. D) sourcing. Answer: B Diff: 1 LO: 2-3 AACSB: Concept AICPA Functional: Measurement 10) The first step in the journalizing and posting process is to: 11) Which of the following is the order of steps to journalize an entry?
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each account Record the transaction Determine increase or decrease in each account C) Record the transaction Identify each account affected Determine increase or decrease in each account D) Determine increase or decrease in each account Identify each account affected Record the transaction LO: 2-3 AACSB: Concept AICPA Functional: Measurement Record the transaction A B) Identify each account affected Record the transaction Determine increase or decrease in each account C) Record the transaction Identify each account affected Determine increase or decrease in each account D) Determine increase or decrease in each account Identify each account affected Record the transaction LO: 2-3 AACSB: Concept AICPA Functional: Measurement Answer: A Diff: 1 LO: 2-3 AACSB: Concept AICPA Functional: Measurement 12) Which of the following is the fifth and last step in the journalizing and posting process? Diff: 1 LO: 2-3 AACSB: Concept AICPA Functional: Measurement
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