1. What is a collection of all accounts within a company's accounting system? 2. Does the chart of accounts consists of a list of all accounts in the ledger, and is each account identified by a specific number? 3. The double entry method of accounting requires that for each transaction what must be done? 4. In double entry accounting the credit to an asset account will represent an increase in the asset account balance and the debit will represent a decrease in the asset account balance? 5. What is the goal of accounting when providing useful information for external and internal users to make decisions. 6. How is the accounting equation used to identify what a company owns and owes? 7'. 'Which account is used as a visual representation of an account and to understand effects of transactions on an account in the general ledger? B. What are the left and right side always called of a Taccount? 9. Does the process of accounting for transactions begin with the accounting cycle? 10. How can double entry accounting be achieved? 11. Match each of the descriptions with the ternn'phrase it best reects. Clawback, DoddFrank Act, Audit, Sarbanes-Oxley Act, Internal Controls, Prevention, Fraud Triangle, Ethical Path, Ethics 12. For the following the fraud triangle asserts that the following three factors must exist for a person to commit fraud