Description : Which one of the following statements concerning the accounting cycle is incorrect? a. The accounting cycle includes journalizing transactions and posting to ledger accounts. b. The accounting cycle includes ... sequence. d. The steps in the accounting cycle are repeated in each accounting period.
Last Answer : b. The accounting cycle includes only one optional step.
Description : Which of the following steps in the accounting cycle would not generally be performed daily? a. Journalize transactions b. Post to ledger accounts c. Prepare adjusting entries d. Analyze business transactions
Last Answer : c. Prepare adjusting entries
Description : . Which one of the following is an optional step in the accounting cycle of a business enterprise? a. Analyze business transactions b. Prepare a worksheet c. Prepare a trial balance d. Post to the ledger accounts
Last Answer : b. Prepare a worksheet
Description : he step in the accounting cycle that is performed on a periodic basis (i.e., monthly, quarterly) is a. analyzing transactions. b. journalizing and posting adjusting entries. c. preparing a post-closing trial balance. d. posting to ledger accounts.
Last Answer : b. journalizing and posting adjusting entries.
Description : Ledger Folio is recorded in the journal.
Last Answer : State whether the following statement are ‘True or False’ with reason : Ledger Folio is recorded in the journal.
Description : All transactions are recorded in the Single Entry System
Last Answer : State True or False with reasons: All transactions are recorded in the Single Entry System
Description : (i) A system of book-keeping in which both the aspects of transactions are recorded.
Last Answer : Write a word, term, or phrase which can substitute each of the following statements : (i) A ... find out profit or loss under a single entry system.
Description : Which transactions are recorded in the Return Inward Book?
Last Answer : Which transactions are recorded in the Return Inward Book?
Description : Which transactions are recorded in the Return Outward Book?
Last Answer : Which transactions are recorded in the Return Outward Book?
Description : Transactions can be recorded in any order in the Journal.
Last Answer : Correct the following statement and rewrite the statement : Transactions can be recorded in any order in the Journal.
Description : In which order the transactions are recorded in a journal.
Last Answer : In which order the transactions are recorded in a journal.
Description : In Book-keeping & Accountancy nonmonetary transactions are also recorded.
Last Answer : State whether the following statement are true or false with reason : In Book-keeping & Accountancy nonmonetary transactions are also recorded.
Description : (i) System in which entry is recorded for cash as well as credit transactions.
Last Answer : Give the word term or phrase which can substitute each of the following statement : (i) ... of goods or services for immediate cash payment.
Description : Which of the following does an auditor least likely perform in assessing audit risk? a. Understand the economic substance of significant transactions completed by the client. b. Understand the entity ... of recorded transactions. d. Obtain an understanding of the client's system of internal contro
Last Answer : Gather audit evidence in support of recorded transactions
Description : Which of the following statements concerning analytical procedures is true? a. Analytical procedures are more efficient, but not more effective, than tests of details of transactions. ... usually involve comparisons of ratios developed from recorded amounts with ratios developed by management
Last Answer : Analytical procedures used as risk assessment procedures use data aggregated at a high level.
Description : Most of the independent auditor's work in formulating an opinion on financial statements consists of a. Studying and evaluating internal control b. Obtaining and examining evidential matter c. Examining cash transactions d. Comparing recorded accountability with assets
Last Answer : Obtaining and examining evidential matter
Description : All of the following statements about the post-closing trial balance are correct except it a. shows that the accounting equation is in balance. b. provides evidence that the journalizing and posting ... . c. contains only permanent accounts. d. proves that all transactions have been recorded.
Last Answer : d. proves that all transactions have been recorded.
Description : Matching concept means A] Assets = capital + liabilities B] Transactions recorded at accrual concept C] Anticipate no profit but recognize all losses D] Expenses should be matched with the revenue of the period.
Last Answer : D] Expenses should be matched with the revenue of the period.
Description : Select the FALSE statement: A)Primary data are observed and recorded directly from respondents B)An example of secondary data is a syndicated report on consumer purchasing C)The nature and ... data- gathering approach to use D)Secondary data are not readily available to most organisations
Last Answer : D)Secondary data are not readily available to most organisations
Description : What's the difference between Ledger Balance and Current Balance on a bank's web site?
Last Answer : answer:Most likely it is for charges that have been issued but not cleared. For example Amazon does a few things when you order from them. There is a initial We call dibs on $200 from this ... only really takes your money after the item ships. That is when it should go from Ledger to Current.
Description : Peachtree, inputting income through general journal and having it show up on the general ledger?
Last Answer : I don't know much about this program. I would almost guess that the opposite problem would happen with journal entries, where they would show up in the GL and not on an Income Statement. Are you ... a few years since I did any proper accounting and I hope something I've mentioned here might help.
Description : Heath Ledger was found dead. Which celebrity is next?
Last Answer : answer:We’ve already had our 3 in a row—Brad Renfro, Suzanne Pleshette, and now Heath Ledger. So celebrities can breathe easy. Although my next-to-die vote is Pamela Anderson.
Description : Who had a better performance then Heath Ledger this year?
Last Answer : let’s not get our heads in the clouds yet… The year isn’t over…
Description : Can Heath Ledger get an Oscar now he's passed away?
Last Answer : Yes.
Description : what It is the sol-fa syllable of the note placed on the ledger line below the staff?
Last Answer : sorry guys if i put a wrong sentence dont read the what just read the beggining in it
Description : A list of balances of all the accounts in ledger is called __________
Last Answer : A list of balances of all the accounts in ledger is called __________ (a) Balance Sheet (b) Profit and ... c (c) Trading A/c (d) Trial Balance
Description : (i) An error in which the transaction is entered in the original book but not posted into the ledger.
Last Answer : Give one word/term or phrase for each of the following statements : (i) An error ... Errors can be rectified without passing rectification entries.
Description : (i) __________ book is an extract of customer’s account in the ledger of bank.
Last Answer : Complete the following sentences: (i) __________ book is an extract of customer's account in ... to suppliers are recorded is known as _______
Description : Complete the following table : Ledger Journal
Last Answer : Complete the following table : Ledger Trial Balance Journal ?
Description : Ledger posting is made before journal entry.
Last Answer : State whether the following statement are ‘True or False’ with reason : Ledger posting is made before journal entry.
Description : Ledger posting is not necessary for journal proper.
Last Answer : State whether the following statement are ‘True or False’ with reason : Ledger posting is not necessary for journal proper.
Description : Ledger Folio and index are necessary for the ledger.
Last Answer : State whether the following statement are ‘True or False’ with reason : Ledger Folio and index are necessary for the ledger.
Description : Narration is not necessary for a ledger.
Last Answer : State whether the following statement are ‘True or False’ with reason : Narration is not necessary for a ledger.
Description : Ledger accounts are balanced every day.
Last Answer : State whether the following statement are ‘True or False’ with reason : Ledger accounts are balanced every day.
Description : ____________ is prepared from the balances in the ledger accounts.
Last Answer : ____________ is prepared from the balances in the ledger accounts. (a) List (b) Journal (c) Book (d) Trial Balance
Description : ____________ is the act of transferring an entry from journal to ledger.
Last Answer : ____________ is the act of transferring an entry from journal to ledger. (a) Journalising (b) Casting (c) Balancing (d) Posting
Description : (i) A book of accounts in which all ledger accounts are maintained.
Last Answer : Write the word, term, phrase, which can substitute each of the statement : (i) A book of ... 's prepared from the balances of the ledger account.
Description : From which books of accounts posting is made in the Ledger?
Last Answer : From which books of accounts posting is made in the Ledger?
Description : The work of accounting depends upon ____________ (a) book-keeping (b) cash book (c) subsidiary books (d) ledger
Last Answer : The work of accounting depends upon ____________ (a) book-keeping (b) cash book (c) subsidiary books (d) ledger
Description : Totalling of Journal or Ledger is called as _________
Last Answer : Totalling of Journal or Ledger is called as _________ (a) Posting (b) Folio (c) Casting (d) Journalising
Description : Why ledger Called the book of final entry?
Last Answer : Need answer
Description : Did Heath Ledger die?
Last Answer : Heath Ledger died on January 22, 2008 at the age of 28.
Description : Under vouching, checking is done of– (A) Journal and Ledger (B) Profit and Loss Account (C) Balance Sheet (D) All of the above
Last Answer : Answer: All of the above
Description : HOW MANY SEGMENTS ARE THERE IN THE KEY FLEXFIELD(S) IN ORACLE GENERAL LEDGER?
Last Answer : - Oracle GL Key flexfield can have 15 columns each representing a segment. However, the segments type can be: Cost Center segment Balancing segment Account segment Intercompany segment
Description : An advice of transfer in form SB-9 is prepared in ______ by a) APM, duplicate b) APM, single c) Postmaster , duplicate d) Ledger assistant, duplicate
Last Answer : d) Ledger assistant, duplicate
Description : present the Counter Assistant is authorized to receive deposits and allow withdrawals up to Rs.--------------/- in savings accounts only under his own power without showing the documents to the Ledger Assistant and the Supervisor. a) 5000 b) 2000 c) 4000 d) None of these
Last Answer : a) 5000
Description : To supply of saving bank ledger copy Rs _____ will be charged a) 10 per ledger copy b) Rs 5 per every thirty entry c) Rs 2 per every thirty entries or part there of d) Free
Last Answer : c) Rs 2 per every thirty entries or part there of
Description : The following records may not be destroyed without the special permission of the Head of the Circle a) Post office order book b) Register of undeliverable pass books in deposit in the head office c) ... or connected with the cases which have not been fully decided or closed e) All the above
Last Answer : e) All the above
Description : Primary book" maintained in a business is 1. Journal 2. Ledger 3. Cash book 4. Account book 5. None of these
Last Answer : Journal
Description : are the labelling of cutter bar. a) Shoe, ledger plate, wearing plate, knife, knife section, etc. b) Star wheel, engine, cage wheel, etc. c) both A & B d) Conveyor belt, cutter bar, rivers, etc
Last Answer : Shoe, ledger plate, wearing plate, knife, knife section, etc.