DEVRY ACCT 251 W EEK 6 Q UIZ Check this A+ tutorial guideline at For more classes visit

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DEVRY ACCT 251 W EEK 6 Q UIZ Check this A+ tutorial guideline at For more classes visit (TCO 1) The balance sheet lists: : assets, liabilities, and capital of a business. revenues and expenses of a business. the percentage of revenue at the end of the year. the percentage of debt at the end of the year. cash disbursements. Question 2. Question : (TCO 1) The Income Statement’s net income or (net loss) is also shown on the: : income statement’s revenue section. balance sheet’s capital section. departmental gross profit totals. cash balance at the end of the period. general ledger trial balance.

Question 3. Question : (TCO 1) To use Peachtree’s masking feature, do the following to an account number. : Add a prefix. Add a suffix. Add an account number. Change the account in the general journal. Change the account type. Question 4. Question : (TCO 2) The sample company chart of accounts that you use as the model for Chapter 9’s business is: : accounting practice. general contractor. gift shop. service company. retail company. Question 5. Question : (TCO 2) The chart of accounts is: : the accounts shown on the income statement. the accounts shown on the balance sheet. a list of accounts in the general ledger. a list of accounts in the general journal. a list showing account beginning balances.

Question 6. Question : (TCO 2) The account type for Account No (Vernon Firestone) [or your name] capital is: : cash. equity-gets closed. equity-doesn’t close. retained earning. other current liabilities. Question 7. Question :(TCO 3) In Chapter 11, the ______________________________ is completed before recording and posting the end-of-quarter adjusting entries.: adjusted trial balance cash disbursements journal unadjusted trial balance cash receipts journal post-closing trial balance Question 8. Question : (TCO 3) To print a post-closing trial balance, you need to: : select Tasks; System, change accounting periods. select Reports & Forms; Accounts Receivable, print reports. select Options; Default Information. select Help; About Peachtree Accounting. close the fiscal year, then print a trial balance.