Imprimir Froggy Jumps: The Posting Process (décimo grado - bachillerato - 10th grade

1. The posting is the.....

A

3rd step in accounting cycle

B

4th step in accounting cycle

C

5th step in accounting cycle

2. Process of transferring information from journal to the ledger

A

Posting

B

Ledgering

C

Journalizing

3. Posting should be performed

A

Hourly

B

Weekly

C

Daily

4. For the posting process...

A

Show the impact of the business

B

Main accounts must have a ledger

C

Each account must have a ledger

5. If a debit amount is included in the ledger and previous balance was also debit

A

both amounts must be added

B

amount must be subtracted

C

the balance remains the same

6. When posting....

A

same date as the GJ is used

B

Usually, the description column is left blank

C

Both answers

7. After posting a transaction to the general ledger what must be done?

A

Continue with the next transaction

B

Add all your debits

C

Fill the reference column in the general journal with the account number

8. The posting process is completed after....

A

Recording transactions in the general journal

B

Completing the initial Balance Sheet

C

Reviewing the invoices

9. In the description of the General Ledger we place.....

A

The a name of the account

B

Nothing

C

A brief description of the transaction