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