Practice Test | Kullabs.com
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  • Trial balance is prepared to check accuracy of ______.

    Ledger accounts balances
    Cash flow statement balances
    Balance sheet balances
    Income statement balances
  • Which of the following is the correct terminology for the right hand side of a hand-written ledger account?

    Positive
    Credit
    Debit
    Negative
  • In a hand-written accounting system where would you record a decrease in an asset?

    On the credit side of the ledger account for the asset
    On both sides of the ledger account for the asset
    On the debit side of the ledger account for the asset
    Nowhere in the ledger accounts
  • Who should be allowed to enter adjusting entries through the general journal?

    Sales
    Purchasing
    None of the answers are correct
    Controller
  • Which of the following are used to document journal entries that are made in the general journal?

    General authorizations
    Journal vouchers
    Vouching packets
    Bank reconciliation
  • Ledger is a primary book in which all the transactions are posted in a ______.

    accounting cycle
    None of the answers are correct
    same place
    classified manner
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