QUESTION 8-19
ul ·i le c oic (lAA
1. Posting is t.o the process of transferring information from
a. Journal to the .general ledger
·b. General ledger to the journal
c. Source document to the journal
d. Journal to the source document
2. A general ledger is defined as
a. A group of transactins ·
b. A group of all statement of financial position
accounts
c. A group of all income statement accounts
d. The entire group of accounts
3. What function do ledgers serve in the accounting _
process?
a.
b.
c.
d.
Reporting
Summarizing
Classifying
·
Recording
4. A subsidiary ledger is
I
a A listing of the components of account
balances
b. A backup system to potect against record
destruction
.
c. A listing of accounts before closing entries
d. A listing <;>f accounts of a subsidiary
5. A chart of accounts is
I
a. A flowchart of all transactions
b. An accounting procedure ' manual
c. A journal
d.
list of all account titles in the general ledger