Posting and the General Ledger
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Question 1 of 35
1. Question
Fill in correct amount. Do not include decimals, commas and other punctuation marks, and currency signs (e.g., 99999, instead of $99,999.00).
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If total debits amounted to $98,600 and total credits amounted to $88,000, the Accounts Receivable account will have a (debit or credit) balance of .
CorrectIncorrect -
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Question 2 of 35
2. Question
What is the posting error?
CorrectIncorrectHint
Trace each item in the journal entry to the ledger. Accounts should be to the correct ledger page, amounts to the correct side, and as recorded in the journal.
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Question 3 of 35
3. Question
Fill in correct amount. Do not include decimals, commas and other punctuation marks, and currency signs (e.g., 99999, instead of $99,999.00).
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If total credits amounted to $76,300 and total debits amounted to $61,200, the Accounts Payable account will have a (debit or credit) balance of .
CorrectIncorrect -
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Question 4 of 35
4. Question
What is the posting error?
CorrectIncorrectHint
Trace each item in the journal entry to the ledger. Accounts should be to the correct ledger page, amounts to the correct side, and as recorded in the journal.
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Question 5 of 35
5. Question
Fill in correct amount. Do not include decimals, commas and other punctuation marks, and currency signs (e.g., 99999, instead of $99,999.00).
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If the Prepaid Expenses account has a debit balance of $24,000, and total debits amounted to $96,000, the sum of credits is .
CorrectIncorrect -
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Question 6 of 35
6. Question
What is the posting error?
CorrectIncorrectHint
Trace each item in the journal entry to the ledger. Accounts should be to the correct ledger page, amounts to the correct side, and as recorded in the journal.
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Question 7 of 35
7. Question
What is the posting error?
CorrectIncorrectHint
Trace each item in the journal entry to the ledger. Accounts should be to the correct ledger page, amounts to the correct side, and as recorded in the journal.
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Question 8 of 35
8. Question
Fill in correct amount. Do not include decimals, commas and other punctuation marks, and currency signs (e.g., 99999, instead of $99,999.00).
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If the Mortgage Payable account has a credit balance of $3,500,000, and total debits amounted to $500,000, the sum of credits is .
CorrectIncorrect -
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Question 9 of 35
9. Question
Fill in correct amount. Do not include decimals, commas and other punctuation marks, and currency signs (e.g., 99999, instead of $99,999.00).
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If the Accounts Payable account has a credit balance of $1,680,000 and total credits amounted to $2,000,000, the sum of debits is .
CorrectIncorrect -
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Question 10 of 35
10. Question
What is the posting error?
CorrectIncorrectHint
Trace each item in the journal entry to the ledger. Accounts should be to the correct ledger page, amounts to the correct side, and as recorded in the journal.
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Question 11 of 35
11. Question
Fill in correct amount. Do not include decimals, commas and other punctuation marks, and currency signs (e.g., 99999, instead of $99,999.00).
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If the Loan Payable account has a credit balance of $1,500,000, and total debits amounted to $500,000, the sum of credits is .
CorrectIncorrect -
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Question 12 of 35
12. Question
What is the posting error?
CorrectIncorrectHint
Trace each item in the journal entry to the ledger. Accounts should be to the correct ledger page, amounts to the correct side, and as recorded in the journal.
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Question 13 of 35
13. Question
What is the posting error?
CorrectIncorrect -
Question 14 of 35
14. Question
What is the posting error?
CorrectIncorrectHint
Trace each item in the journal entry to the ledger. Accounts should be to the correct ledger page, amounts to the correct side, and as recorded in the journal.
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Question 15 of 35
15. Question
Match the following
Sort elements
- General ledger 3-column format
- General ledger T-account format
CorrectIncorrect -
Question 16 of 35
16. Question
What is the posting error?
CorrectIncorrectHint
Trace each item in the journal entry to the ledger. Accounts should be to the correct ledger page, amounts to the correct side, and as recorded in the journal.
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Question 17 of 35
17. Question
What is the posting error?
CorrectIncorrectHint
Trace each item in the journal entry to the ledger. Accounts should be to the correct ledger page, amounts to the correct side, and as recorded in the journal.
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Question 18 of 35
18. Question
What is the posting error?
CorrectIncorrectHint
Trace each item in the journal entry to the ledger. Accounts should be to the correct ledger page, amounts to the correct side, and as recorded in the journal.
-
Question 19 of 35
19. Question
What is the posting error?
CorrectIncorrectHint
Trace each item in the journal entry to the ledger. Accounts should be to the correct ledger page, amounts to the correct side, and as recorded in the journal.
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Question 20 of 35
20. Question
Fill in correct amount. Do not include decimals, commas and other punctuation marks, and currency signs (e.g., 99999, instead of $99,999.00).
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If total credits amounted to $25,866 and total debits amounted to $14,755, the Accrued Expenses Payable account will have a (debit or credit) balance of .
CorrectIncorrect -
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Question 21 of 35
21. Question
What is the posting error?
CorrectIncorrectHint
Trace each item in the journal entry to the ledger. Accounts should be to the correct ledger page, amounts to the correct side, and as recorded in the journal.
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Question 22 of 35
22. Question
Fill in correct amount. Do not include decimals, commas and other punctuation marks, and currency signs (e.g., 99999, instead of $99,999.00).
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If the Property and Equipment account has a balance of $1,077,000, and total credits amounted to $103,000, the sum of debits is .
CorrectIncorrect -
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Question 23 of 35
23. Question
What is the posting error?
CorrectIncorrectHint
Trace each item in the journal entry to the ledger. Accounts should be to the correct ledger page, amounts to the correct side, and as recorded in the journal.
-
Question 24 of 35
24. Question
What is the posting error?
CorrectIncorrectHint
Trace each item in the journal entry to the ledger. Accounts should be to the correct ledger page, amounts to the correct side, and as recorded in the journal.
-
Question 25 of 35
25. Question
Fill in correct amount. Do not include decimals, commas and other punctuation marks, and currency signs (e.g., 99999, instead of $99,999.00).
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If the Accounts Receivable account has a debit balance of $35,450, and total credits amounted to $110,550, the sum of debits is .
CorrectIncorrect -
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Question 26 of 35
26. Question
What is the posting error?
CorrectIncorrectHint
Trace each item in the journal entry to the ledger. Accounts should be to the correct ledger page, amounts to the correct side, and as recorded in the journal.
-
Question 27 of 35
27. Question
What is the posting error?
CorrectIncorrectHint
Trace each item in the journal entry to the ledger. Accounts should be to the correct ledger page, amounts to the correct side, and as recorded in the journal.
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Question 28 of 35
28. Question
Fill in correct amount. Do not include decimals, commas and other punctuation marks, and currency signs (e.g., 99999, instead of $99,999.00).
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If the Investments account has a debit balance of $2,850,000 and total debits amounted to $5,000,000, the sum of credits is .
CorrectIncorrect -
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Question 29 of 35
29. Question
Fill in the blank
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The general ledger is also called the book of .
CorrectIncorrect -
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Question 30 of 35
30. Question
What is the posting error?
CorrectIncorrectHint
Trace each item in the journal entry to the ledger. Accounts should be to the correct ledger page, amounts to the correct side, and as recorded in the journal.
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Question 31 of 35
31. Question
Which of the following statements are correct?
CorrectIncorrect -
Question 32 of 35
32. Question
Fill in the blank
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Because of its “T” format, with a left side and right side, a general ledger account resembles the .
CorrectIncorrect -
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Question 33 of 35
33. Question
What is the posting error?
CorrectIncorrectHint
Trace each item in the journal entry to the ledger. Accounts should be to the correct ledger page, amounts to the correct side, and as recorded in the journal.
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Question 34 of 35
34. Question
Fill in correct amount. Do not include decimals, commas and other punctuation marks, and currency signs (e.g., 99999, instead of $99,999.00)
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If total debits amounted to $104,500 and total credits amounted to $87,000, the Cash account will have a (debit or credit) balance of .
CorrectIncorrect -
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Question 35 of 35
35. Question
What is the posting error?
CorrectIncorrectHint
Trace each item in the journal entry to the ledger. Accounts should be to the correct ledger page, amounts to the correct side, and as recorded in the journal.
