1a). General ledger accounts show:

Multiple Choice

• Debit and/or credit transactions
• The balance in the account after posting transactions
• All of the choices
• Amounts posted from journals

1b). A general ledger account contains:

Multiple Choice

• The signature of the person approving the journal
• All relevant detailed information supporting the entry
• The name of the employee who originated the entry
• Contains reference to the source journal information

1c). General ledgers are used to:

Multiple Choice

• Record transactions directly from source documents
• Provide narrative information from management
• Summarize accounting transactions by account
• Reveal all details of employee information

Assets are:

Multiple Choice

• The costs of operating the business
• The total amount billed to customers by the business
• The value of debts owed by the business
• The value of property owned by the business
• The netbook value of the business

Liabilities are:

Multiple Choice

• The value of debts owed by the business
• The netbook value of the business
• The costs of operating the business
• The total amount billed to customers by the business
• The value of property owned by the business

Payroll registers:

Multiple Choice

• Show detailed information by employee-paid
• Do neither "show detailed information by an employee paid" nor "have summary totals by type of earning and deduction"
• Do "show detailed information by an employee paid" and "have summary totals by type of earning and deduction"
• Have summary totals by type of earning and deduction