Home / Questions / Which of the following items of information would not normally be included in a journal en
Which of the following items of information would not normally be included in a journal entry?
A) the date the transaction took place
B) the dollar amount of the debit
C) the title of the account debited
D) the location where the transaction took place
3) Which element of an accounting system provides information about the balance in each account?
A) source documents
B) journals
C) ledgers
D) cash flow statement
4) In accounting, the process of posting is:
A) copying data from the ledger to the journal
B) copying data from the journal to the ledger
C) copying data from the source documents to the ledger
D) copying data from the source documents to the journal
5) Posting, a part of the accounting process, refers to:
A) copying amounts from the accounts in the general ledger to the journal
B) copying amounts from the financial statements to the general ledger
C) copying amounts from the journal to the appropriate accounts in the general ledger
D) copying amounts from the general ledger to the financial statements
6) Accounting transactions are first recorded in a book or record called a:
A) file
B) ledger
C) journal
D) source document
7) A chronological record (or history) of an entity's transactions is called a(n):
A) journal
B) account
C) source document
D) ledger
8) What is the first step in the journalizing process?
A) Enter the transaction in the journal.
B) Identify the transaction from source documents and other information.
C) Determine what accounts will be affected and whether to debit or credit them.
D) Post the transaction to the ledger.
9) Which of the following items would not be included in the journal entry for a transaction?
A) the names of the source documents used to record the accounting transaction
B) the titles of the accounts that will be used as debits and credits in the transaction
C) the date the accounting transaction was entered into the accounting system
D) the dollar amounts used to record the debits and credits in the transaction
10) The entry to record the purchase of office supplies for $100 cash would be:
A) Office Supplies100
Cash100
B) Accounts Payable100
Cash100
C) Office Supplies100
Accounts Payable100
D) Cash100
Dec 09 2019 View more View Less
Insurance Coverage.PAJ, Inc., a jewelry company, had a commercial general liability (CGL) policy from Hanover Insurance Company. The policy required PAJ to notify Hanover...
Aug 10 2021The market capitalization rate for Admiral Motors Company is 8%. Its expected ROE is 12% and its expected EPS is $6. The firm's plowback ratio is 50%.a. Calculate the...
Nov 30 2019A 2-kW resistance heater wire whose thermal conductivity is k = 10.4 Btu/h·ft·R has a radius of ro = 0.06 in and a length of L = 15 in, and is used for space heating. Ass...
Jul 22 2020The four types of market structures we study in economics are perfect competition, monopoly, oligopoly, and monopsony.True / False?
May 07 2021Consider the following equilibrium:N2O4g2NO2gΔG05.4kJNow suppose a reaction vessel is filled with 3.78atm of dinitrogen tetroxide N2O4 at 1107.°C. Answer the following qu...
May 13 2021Among the elementary subatomic particles of physics is the muon, which decays within a few nanoseconds after formation. The muon has a rest mass 206.8 times that of an el...
Aug 21 2021supply-side economics is based primarily onA. stimulation of the business (supply) component.B. government stimulation of consumer demands. C. a repudiation of trickle-d...
Jun 07 2021What are the pros and cons of using expatriates, host-country nationals, and third-country nationals to run overseas operations?
May 21 20181) Big Fizz Co., a manufacturer of cola-flavored drinks, wants to add packaged fruit juices to its existing product line. Big Fizz must make some decisions regarding pack...
Aug 08 2020Suppose that there are two countries (Germany and Italy) two goods (computers and food) and two factors of production (skilled and unskilled labor). Also, assume that Ger...
Apr 13 2020