Self Assessment Quizzes

CHAPTER 8: Section 1 Preparing the Work Sheet

	1.	When a column of amounts need to be added or subtracted, a single line is drawn under the column and is called a

		a.	single line
		b.	ruling
		c.	ruler
		d.	monarch

	2.	The trial balance section includes

		a.	all the general ledger account balances
		b.	all the general ledger account names
		c.	the day and date of preparation
		d.	the general ledger account numbers

	3.	A working paper used to collect information from the ledger accounts in one place is called

		a.	an account balance
		b.	a general ledger
		c.	a trial balance
		d.	a work sheet

	4.	When no other entries are to be made to a column

		a.	a double rule is drawn
		b.	a check mark is placed by the total
		c.	an equal sign is written under the total
		d.	a rule is drawn

	5.	The heading answers the three questions

		a.	who, when, and where
		b.	what, when, and how
		c.	who, what, and when
		d.	who, what, and why

	6.	The order in which account names are recorded is

		a.	Revenue, Expenses, Assets, Liabilities, Owner`s Equity
		b.	Assets, Owner`s Equity, Liabilities, Revenue, Expenses
		c.	Assets, Liabilities, Owner`s Equity, Revenue, Expenses
		d.	Owner`s Equity, Assets, Liabilities, Revenue, Expenses