Multiple Choice

would come equity Reging people increme deca effect New of the cheese of the Prepaid 33) Extreme Creme prepad Soo for more on My 1, 2010. What would be the Re p ert, 2007 a) 54,500 $1.500 Nose of the ch isted 34) Which of the following statements incorrect regarding adjustments? mene All we made the beginning of the mounting period A will correctly cash or expenses d) Adjustments update it and owner's equity c) News of the choices lived 35) Atribuce proves that each jual ntry has been posted only once b) al tramaction have been recorded c) total debits equal to credits d) there are no errors in the coming moords e) None of the choices listed 6) Which of the following me about posting to the general ledger is true! a) Ir normally before entering tractions into a journal b) It involves the trailer of julestries to the ledger c) It involves the transfer of action from the trial balance to the general ledger d) All of the choices c) None of the choices listed 3) When recording journal entries a good control is to 3) tal the debits and credits to see if they balance b) nier all credits first before all debits or vice versa c) record entries using even dollar amount (rounded up) d) enter the journal entries alphabetically e) None of the choices listed 1) The chart of sont a) lists the most being wed by a b a nd includes their account numbers b) lists only the balance sheet accounts c) lists only the income t o accounts d) is a standard listing of that is used by all businesses e) None of the choices listed 39) Which one of the following account is increased by a debit entry? b) Accounts Payable d) Depreciation Expense e) None of the choices listed 40) Which one of the following count is decreased by acreditentry? b) Used Ravne c) Accounts Payable d) Reve e) None of the choices listed 41) The statement of owner's equity is the link between a) the journaled the edge by the income a n d the balance sheet debit credits d) the edges and the trial balance e) Neos of the choices listed c) Which one of the following is a temporary a) Unearned Revenue b) Bank Loan c) Prepaid Expenses d) Revenue e) None of the choices listed would come equity Reging people increme deca effect New of the cheese of the Prepaid 33) Extreme Creme prepad Soo for more on My 1, 2010. What would be the Re p ert, 2007 a) 54,500 $1.500 Nose of the ch isted 34) Which of the following statements incorrect regarding adjustments? mene All we made the beginning of the mounting period A will correctly cash or expenses d) Adjustments update it and owner's equity c) News of the choices lived 35) Atribuce proves that each jual ntry has been posted only once b) al tramaction have been recorded c) total debits equal to credits d) there are no errors in the coming moords e) None of the choices listed 6) Which of the following me about posting to the general ledger is true! a) Ir normally before entering tractions into a journal b) It involves the trailer of julestries to the ledger c) It involves the transfer of action from the trial balance to the general ledger d) All of the choices c) None of the choices listed 3) When recording journal entries a good control is to 3) tal the debits and credits to see if they balance b) nier all credits first before all debits or vice versa c) record entries using even dollar amount (rounded up) d) enter the journal entries alphabetically e) None of the choices listed 1) The chart of sont a) lists the most being wed by a b a nd includes their account numbers b) lists only the balance sheet accounts c) lists only the income t o accounts d) is a standard listing of that is used by all businesses e) None of the choices listed 39) Which one of the following account is increased by a debit entry? b) Accounts Payable d) Depreciation Expense e) None of the choices listed 40) Which one of the following count is decreased by acreditentry? b) Used Ravne c) Accounts Payable d) Reve e) None of the choices listed 41) The statement of owner's equity is the link between a) the journaled the edge by the income a n d the balance sheet debit credits d) the edges and the trial balance e) Neos of the choices listed c) Which one of the following is a temporary a) Unearned Revenue b) Bank Loan c) Prepaid Expenses d) Revenue e) None of the choices listed