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Accounting Chapter 4 Questions With Accurate Solutions
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Accounting Chapter 4 Questions With Accurate Solutions A ledger that contains all accounts needed to prepare financial statements. (p. 94) - CORRECT ANSWERGeneral Ledger The number assigned to an account. (p. 94) - CORRECT ANSWERAccount Number

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  • January 17, 2025
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  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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Accounting Chapter 4 Questions With Accurate
Solutions
A ledger that contains all accounts needed to prepare financial statements. (p. 94) - CORRECT
ANSWER✅✅✅General Ledger



The number assigned to an account. (p. 94) - CORRECT ANSWER✅✅✅Account Number



A group of accounts. (p. 94) - CORRECT ANSWER✅✅✅Ledger


The procedure for arranging accounts in a general ledger, assigning account numbers, and
keeping records current. (p. 95) - CORRECT ANSWER✅✅✅File Maintenance


Writing an account title and number on the heading of an account. (p. 96) - CORRECT
ANSWER✅✅✅Opening an Account


Transferring information from a journal entry to a ledger account. (p. 98) - CORRECT
ANSWER✅✅✅Posting


Determining that the amount of cash agrees with the balance of the Cash account in the
accounting records. (p. 107) - CORRECT ANSWER✅✅✅Proving Cash


An additional journal entry made to correct an incorrect journal entry. (p. 109) - CORRECT
ANSWER✅✅✅Correcting Entry


Because an account form has columns for the debit and credit balance of an account, it is often
referred to as the balance-ruled account form. (p. 93) - CORRECT ANSWER✅✅✅


The asset division accounts for Delgado Web Services are numbered in the 200s. (p. 94) -
CORRECT ANSWER✅✅✅

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