Multiple Choice
Which of the following is not one of the 5 questions of transaction analysis?
A) What's going on?
B) Which accounts are affected?
C) Is this an accrual?
D) Does the balance sheet balance?
E) Does my analysis make sense?
Correct Answer:
Verified
Correct Answer:
Verified
Q10: A debit entry will:<br>A)always decrease the account
Q11: At the beginning of the current fiscal
Q12: A chart of accounts:<br>A)is where transactions are
Q13: A journal:<br>A)is where transactions are initially recorded.<br>B)is
Q14: At the beginning of the current fiscal
Q16: Using the column headings provided below,
Q17: To accrue $7,100 of employee salaries
Q18: Sales on account during the month totaled
Q19: A credit entry will:<br>A)always decrease the account
Q20: An adjusting journal entry recording an accrual:<br>A)results