Accounting Chapter 4 Review By Carl Lyman © September 2001.

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Presentation transcript:

Accounting Chapter 4 Review By Carl Lyman © September 2001

Jeopardy Category1Category2Category3Category

Credits That’s all folks. Exit

Category 1 $100 The first digit in the account number 120 means that the account is in what division of the general ledger?

Category 1 $100 Asset

Category 1 $200 When accounts are arranged in a general ledger, account numbers are assigned, and the chart of accounts is kept up to date, the accounting personnel are….

Category 1 $200 Doing file maintenance

Category 1 $300 A new account to be added between accounts 530 and 540 will be assigned the number….

Category 1 $

Category 1 $400 A business has the following expense accoutns: 510 Advertising Expense 520 Misc. Expense 530 Repair Expense A new account titled Utilties Expense is added. The account number is….

Category 1 $

Category 1 $500 The procedure for transferring information from a journal entry to a ledger account is…

Category 1 $500 posting

Category 2 $100 The first step I the posting procedure is writing …

Category 2 $100 The entry date in the date column of the account

Category 2 $200 An account number in the journal’s Post Ref. column shows ….

Category 2 $200 The account to which an amount is posted

Category 2 $300 If posting is interrupted, then a person knows to resume posting at…

Category 2 $300 The line with a blank Post Ref. column on the General Journal

Category 2 $400 Separate amounts in the General Debit and General Credit amount columns of a journal are posted…

Category 2 $400 individually

Category 2 $500 Checkmarks are placed in parentheses below the General Debit and Credit column totals to show that …

Category 2 $500 The totals are not posted

Category 3 $100 If all separate amounts on a journal line are recorded in special amount columns, you will post the…

Category 3 $100 Column totals not the individual amounts

Category 3 $200 Separate amounts in the Sales Credit column of a journal are

Category 3 $200 Totaled and posted as a total

Category 3 $300 The separate amounts in the Cash Debit column of a journal are posted…

Category 3 $300 Totaled and posted as a total

Category 3 $400 Answer

Category 3 $400 Question?

Category 3 $500 Answer

Category 3 $500 Question?

Category 4 $100 Answer

Category 4 $100 Question?

Category 4 $200 Answer

Category 4 $200 Question?

Category 4 $300 Answer

Category 4 $300 Question?

Category 4 $400 Answer

Category 4 $400 Question?

Category 4 $500 Answer

Category 4 $500 Question?