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

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

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

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

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

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

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