A: Recording adjusting transactions.
B: Posting transactions to special journals.
C: Accumulating debits and credits.
D: Collecting detailed listings of amounts.
E: Recording cash receipts.
举一反三
- The general journal is used for transactions not covered by special journals and for adjusting, closing, and correcting entries. ()
- The general journal is used for transactions not covered by special journals and for adjusting, closing, and correcting entries. A: 正确 B: 错误
- The process of recording transactions in the journal is called( ) A: Analysing B: Journalizing C: Posting D: the trial balance
- In contrast to the general journal,a special journal is designed to record a specific type of 1 occurring business transaction.For instance,one special journal is the 2 used to record all receipts of cash.In addition to cash receipts journal,the special journals usually include 3 ,4,and 5.
- The second step in the analyzing and recording process is to record the transactions and events in the______________.
内容
- 0
Accounting cycle usually can be divided into the following steps:(1) from source documents.(2)Applying double-entry system to .(3) the entries in the journals into the general(and the subsidiary) ledger accounts.(4) the general ledger accounts.(5) ,journalizing and posting them into ledger accounts.(6)Preparing a .(7)Preparing . A: Analyzing transactions B: record transactions in journals C: Posting D: Adjusting E: Making closing entries F: trial balance G: financial statements
- 1
The sales journal is used for recording: A: Credit purchases. B: Credit sales. C: Cash sales. D: Cash purchases. E: Cash receipts.
- 2
Journals are updated first, and then transactions are posted into the ledger. A: 正确 B: 错误
- 3
Which TWO of the following are reasons for producing a trial balance? A: To check if certain errors have been made when recording transactions B: To provide a convenient basis for drafting the financial statements C: To ensure that all transactions have been recorded D: To check that all transactions have been accurately recorded
- 4
Double-entry accounting is an accounting system: () A: That records each transaction twice. B: That records the effects of transactions and other events in at least two accounts with equal debits and credits. C: In which each transaction affects and is recorded in two or more accounts but that could include two debits and no credits. D: That may only be used if T-accounts are used.