11. The account is a device used by the accountant to record?
Correct!
Wrong!
12. The balance of cash account indicates?
Correct!
Wrong!
13. Which of the following item is not included in the Cash account?
Correct!
Wrong!
14. Which accounts belong in the accounts payable ledger?
Correct!
Wrong!
15. An account is said to have a debit balance if?
Correct!
Wrong!
16. Book of account where transaction related to a particular person or thing are recorded?
Correct!
Wrong!
17. When a Liability is reduced or decreased, it is recorded on the?
Correct!
Wrong!
18. General Ledger is also known as?
Correct!
Wrong!
19. The records that are kept for the individual asset, liability, equity, revenue, expense, and drawing components are known?
Correct!
Wrong!
20. The respective normal account balances of Sales, Sales Returns and Allowances, and Sales Discounts are?
Correct!
Wrong!
General Ledger (11-20)
Super Genius ***
Excellent ***
Very Good **
Good *
Fair
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