General ledger questions - Study guides, Class notes & Summaries

AIS Test 1 Questions with 100% Verified Correct Answers Complete General Ledger - Correct Answer contains summary-level data for every asset, liability, equity, revenue, and expense account Sequence Code - Correct Answer items are numbered consecutively to account for all items; missing items cause a gap in the numerical sequence Audit Trail - Correct Answer Path of a transaction through a data processing system from point of origin to final output, or backwards from final output to point...

Audit Planning Chapter 8 Test Questions and Answers All Correct Which of the following would an auditor most likely use in determining the auditor's preliminary judgment about materiality? A. The anticipated sample size of the planned substantive tests. B. The entity's annualized interim financial statements. C. The results of the internal control questionnaire. D. The contents of the management representation letter. - Answer B Which of the following controls most likely would pro...

NAB Core Practice Exam 110 Questions 2024 1. Which one of the following steps should be taken first in a risk management program? A. Purchasing of adequate insurance B. Conducting of employee safety drills C. Identifying hazards and risks D. Conducting staff in-services on incident reporting and accident prevention. - ANSWER C. Identifying hazards and risks 2. Which of the following professionals is authorized to dispense medications? ...

BBK99E1 Practical Final Exam Questions and Answers Sheets. Basic Bookkeeping – Level 1 F I N A L EX A M V4.0 CU07-08-FEB07 PRACTICAL EXAM ANSWER SHEETS No. of Pages to this Answer Sheet Section: Name: Total available marks from Practical Exam Questions: 60 The Online Exam is made up of 50 multiple choice and/or True or False questions. Each question is worth 2 marks. Of the 50 questions, 30 are directly related to the information you will enter on the Answer Sheets during the Practica...

New York Life Insurance Questions and Answers Already Passed Accelerated Benefits Riders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses. Accidental Death Benefits A policy rider that states that the cause of death will be analyzed to determine if it complies with the policy description of accidental death. Accidental Death Insurance An insurance policy that provides payment if the insured's death is the result of an acc...

Funeral National Board Exam – Arts Questions and Answers 100% AccurateFuneral National Board Exam – Arts Questions and Answers 100% AccurateFuneral National Board Exam – Arts Questions and Answers 100% Accurate General Ledger Accounts - ANSWER-Show profits and losses of a business Working Capital - ANSWER-Difference between currents assets and liabilities where current assets exceed liabilities "Statement of Funeral Goods and Services Selected" must include these 3 disclosures: - ...

CDFM Exam LATEST ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+ Who are determined to be accountable individuals for the DoD? - CORRECT ANSWER Certifying & Disbursing Officers & DAOs What are the two types of trust revolving funds? - CORRECT ANSWER Intragovernmental & Public Enterprises Is there a substantive difference between a trust fund and a special fund? - CORRECT ANSWER No What is an example of a trust fund? - CORRECT ANSWER Foreign Militar...

3. The running balance form or the T account form is typically used in the trial balance to display the accounts and their amounts. True False 4. Dividends are an expense of a corporation and reduce both total assets and liabilities. True False 5. Dividends increase owners’ equity and therefore should be added to retained earnings. True False 6. Every business transaction is recorded by a debit to a balance sheet account and a credit to an income statement account. True False 7. Earn...

Sage Intact Implementation Questions and Answers Already Passed General Ledger: What rolls an account's ending balance, for each reporting period into the retained earnings accounts, effectively making the balance forward for the account zero? Non-closing accounts General Ledger: What GL configuration option prevents users from entering a journal entry or other transaction that does not balance for the current dimension? Enforce JE balancing General Ledger: What does an entity tr...

Introduction and overview of the module ......................................................... ii LEARNING UNIT 1 Introduction to the preparation of financial statements .......................... 1 LEARNING UNIT 2 Financial statements of a sole proprietorship ........................................ 24 LEARNING UNIT 3 Establishment and financial statements of a partnership ...................... 46 LEARNING UNIT 4 Changes in the ownership structure of partnerships ..............