1 The order of the flow of financial data accounting information systems is (A) journalize, post, analyze; (B) analyze, journalize, post; (C) journalize, analyze, post; (D) analyze, post, journalize; (E) analyze, joumalize, analyze, post. 2 A chart of accounts doesn't include (A) account balances; (B) liabilities; (C) owner's equity; (D) revenue and expenses; (E) assets. 3 Which of the following is not true of the chart of accounts? (A) Asset accounts usually are listed first; (B) Account numbering should follow a random pattern; (C) The list contains the accounts used by the business; (D) Accounts are arranged according to the accounting equation; (E) More accounts can be added later. 4 A journal is commonly called (A) an account; (B) a ledger; (C) the book of original entry; (D) the balance sheet; (E) the cross-reference record. 5 The journal entry consists of (A) the owner's name; (B) the accounts to be debited and credited; (C) the difference between the debit and credit amounts; (D) a tax number; (E) the calculation. 6 Entries requiring more than one debit and/or more than one credit are called (A) compound entries; (B) dual entries; (C) combination entries; (D) double entries; (E) complex entries. 7 The Posting Reference column of the joumal provides a cross-reference between (A) the journal and the trial balance; (B) the journal and the source documents; (C) the ledger and the financial statements; (D) the joumal and the financial statements; (E) none of these. 8 To find an error on the trial balance, you should (A) redo all of your journal entries; (B) double check your addition; (C) trace all dates: (D) have someone else redo the work; (E) add all of the journal entries.