4.1
4.2
4.3
4.4
Random Questions
100
Account
What is a specially ruled page used to record financial changes?
100
Debit
What is the word associated with the left side of an account?
100
Information given by an account
What is the name of the account, the dollar value of the account, and whether the value is a debit or a credit?
100
Trial Balance
What is a listing of the account balances in a ledger?
100
Three
What is the number of lines in the heading of a trial balance?
200
Ledger
What is a group or file of accounts?
200
Credit
What is the word associated with the right side of an account?
200
Pin Totals or Pencil Footings
What are tiny pencil-figure totals used in accounts and journals?
200
Ledger in Balance
What is a state in which the total value of all the accounts with debit balances is equal to the total value of all the accounts with credit balances?
200
Purchase on Account
What is a purchase that is not paid for at the time it is made?
300
The left side of the t-account
Where is the beginning value for an asset placed in a ledger?
300
Debits and Credits
What are accounting entries expressed as?
300
Account Balance
What is the value of an account showing the dollar amount and an indication as to whether it is a debit or a credit value?
300
Reciept on Account
What is money received from a debtor to reduce the amount owed by that debtor?
400
Beginning Balance Sheet
What is the place where the beggining amounts for a ledger is usually taken from?
400
Accounting Entry
What are all of the changes in the accounts caused by one business transaction?
400
Exceptional Account Balance
What is an account that would normally have a debit balance ends up with a credit balance, or vice versa?
400
Taking off a Trial Balance
What is the process of comparing the total value of the debit accounts in a ledger with the total value of the credit accounts in a ledger?
400
Sale on Account
What is a sale for which the money is not received at the time it is made?
500
T-account
What is used mainly to explain accounting theory?
500
Double-Entry System of Accounting
What is the system of accounting in general use in which every transaction is recorded both as a debit and as a credit which are balanced?
500
Payment on Account
What is money paid out to a creditor to decrease the amount owed to the creditor?
500
Importance of the Trial Balance
What is to make sure that the ledger is in balance?
500
The right side of the t-account
Where is the beginning value for a liability placed in a ledger?
M
e
n
u