Chapter 4
false
T or F: a journal shows in one place all the changes in a single account
true
T or F: all corrections for posting errors should be made in a way that leaves no question as to the correct amount
false
T or F: if the payment of cash for rent was journalized and posted in error as a debit to miscellaneous expense instead of rent expense, the correcting entry will include a credit to cash
true
T or F: the cash account is the first asset account and is numbered 110
false
T or F: the steps for posting are to write the date, the journal page number, the amount, and the balance
doing file maintenance
When accounts are arranged in a general ledger, account numbers are assigned, and the chart of accounts is kept up to date, the accounting personnel are
the account to which an amount is posted
an account number in the journal's post. ref. column shows
proving cash
determining that the amount of cash agrees with the accounting records is
is a memorandum
if an error requires a correcting entry, the source document describing the correction to be made
on the line with a blank Post. Ref. column in the journal
if posting is interrupted, the accounting personnel know to resume posting
expense division of the general ledger
the first digit in the account number 520 means that the account is in the
account number in the Post. Ref. column of the journal
the last step in the posting procedure is to write the
posting
the procedure for transferring information from a journal entry to a ledger account is
journal page number in the Post. Ref. column of the account
the second step in the posting procedure is to write the