Review Question
Tentukan True atau False untuk pertanyaan-pertanyaan
berikut ini.
1. The man who is often called the father of double-entry bookkeeping was named
Alfred Crosby.
a. True
b. False
2. Data describing the financial position of an organization at a point in time are
summarized in an income statement.
a. True
b. False
3. Chart of accounts are uniform across nearly all companies in existence today.
a. True
b. False
4. Data describing financial results of operations for a specific time period are
summarized in an income statement.
a. True
b. False
5. Accounts summarized on the balance sheet are called real accounts because
they are permanent.
a. True
b. False
6. The Accounting equation provides one financially oriented view or perspective
of an organization’s activities and resources.
a. True
b. False
7. The first three steps in the accounting cycle require the largest amount of time
and effort and occur continuously throughout a period.
a. True
b. False
8. All accounting transactions are signaled by separate source documents.
a. True
b. False
9. Accounting transactions are business events that cause a change in the
organization’s assets liabilities or owner’s equity.
a. True
b. False
10. Account balances are changed in the “journalize accounting transaction data”
step of the traditional accounting cycle.
a. True
b. False
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