$1.$ A chart of accounts is a list of a companys accounts with their account numbers.

a$.$ True

b$.$ False

$2.$ Accounts are grouped in a book called the:

a$.$ trial balance

b$.$ chart of accounts.

c$.$ Ledger

d$.$ Journal

$3.$ All of the following are assets except:

a$.$ cash

b$.$ accounts payable

c$.$ land

d$.$ accounts receivable

$4.$ Which of the following is a revenue account?

a$.$ accounts receivable

b$.$ unearned revenue

c$.$ accumulated amortization

d$.$ sales

$5.$ The purchase of equipment by issuing a note payable would involve a debit to note payable.

a$.$ True

b$.$ False

$6.$ An owner investment of land valued at $$20,000$ and a building valued at $$55,000$ into the

business would include a:

a$.$ debit to the building account for $$75,000$

b$.$ debit to the land account for $$75,000$

c$.$ debit to the land account for $$55,000$ and building account for $$20,000$

d$.$ debit to the land account for $$20,000$ and building account for $$55,000$

$7.$ A $$75$ payment for rent expense was posted as a debit to salary expense and a credit to cash.

This error will cause:

a$.$ the sum of the debits to exceed the sum of the credits by $$75$

b$.$ the trial balance to be in balance.

c$.$ the sum of the credits to exceed the sum of the debits by $$75$

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d$.$ the sum of the debits to exceed the sum of the credits by $$150$

$8.$ A trial balance proves the equality of the debits and credits at the end of the accounting period.

a$.$ True

b$.$ False

$9.$ A trial balance is:

a$.$ another name for the balance sheet.

b$.$ the first step in the accounting cycle

c$.$ another name for the chart of accounts

d$.$ a list of all accounts with their balances

$10.$ A trial balance lists accounts in which order?

a$.$ assets, expenses, liabilities, revenues, capital

b$.$ assets, liabilities, revenues, expenses, capital

c$.$ assets, revenues, liabilities, expenses, capital

d$.$ assets, liabilities, capital, revenues, expenses