Review Question
Pilih salah satu jawaban dari pertanyaan dibawah ini yang
paling tepat.
1. The man most commonly referred to as the father of double-entry accounting is
a. William McCarthy
b. Alfred Crosby
c. Johann Gutenburg
d. Luca Pacioli
e. Charles Spraque
2. Accounts summarized on the income statement are called.
a. Nominal because they are temporary
b. Nominal because they are permanent
c. Real because they are temporary
d. Real because they are permanent
3. Which of the following would NOT be classified as accounting transactions?
a. Exchange of resources between the reporting firm and outside parties
b. Exchange of obligations between the reporting firm and outside
parties
c. Internal events within a firm that affect its resources and obligations
but do not involve outside parties.
d. Economic and environmental events beyond the control of the
company, such as those that affect the market value of assets and
liabilities or casualty losses.
e. Agreements for future exchanges of resources or obligations
between the reporting firm and outside parties.
4. Accounting principles that guide measurement, recognition and classification of
accounts are applied at which step of the traditional accounting cycle?
a. Identification of accounting transactions to be recorded
b. Journalizing accounting transaction data
c. Posting journal data to ledgers
d. Preparing unadjusted trial balance
e. Preparing adjusted trial balance
5. The process of transferring transaction data from journal to individual ledger
accounts is called
a. reconciling
b. posting
c. grouping
d. adjusting
e. Classification
---ooo0ooo---