l l l l l l l l l l
on Scott l
1. ThelpluslsideloflalTlaccountlrepresentslthe:
a. normallbalanceloflthatlaccount.
b. doublelbalanceloflthatlaccount.
c. triallbalanceloflthatlaccount.
d. footingslbalanceloflthatlaccount.
e. standardlbalanceloflthatlaccount.
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
QUESTIONl TYPE: MultiplelChoice
HASlVARIABLES: False
LEARNINGlOBJECTIVES:l CACC.NSMB.13.2l 1l-lLO:l2-1
NATIONALlSTANDARDS:l UnitedlStatesl-lAACSB:lAnalytic
STATElSTANDARDS: UnitedlStatesl-lAKl-lACBSP:lRecordinglTransactions
UnitedlStatesl-lAKl-lAICPA-FN:lReporting
KEYWORDS: Bloom's:lRemembering
DATElCREATED: 7/23/2013l2:37lPM
DATElMODIFIED: 1/6/2017l4:54lAM
2. WhenlalTlaccountlhaslseverallitemslonlbothlsides,lthelbalanceloflthelaccountlislwritten
a. onlthelsidelwithlthelgreatestlnumberloflitems.
b. onlthelsidelwithlthelleastlnumberloflitems.
c. onlthelsidelwithlthellargerltotal.
d. onlthelsidelwithlthelsmallerltotal.
e. inlnoneloflthesellocations.
ANSWER: c
POINTS: 1
DIFFICULTY: Moderate
QUESTIONl TYPE: MultiplelChoice
HASlVARIABLES: False
LEARNINGlOBJECTIVES:l CACC.NSMB.13.2l 1l-lLO:l2-1
NATIONALlSTANDARDS:l UnitedlStatesl-lAACSB:lReflectivelThinking
STATElSTANDARDS: UnitedlStatesl-lAKl-lACBSP:lRecordinglTransactions
UnitedlStatesl-lAKl-lAICPA-FN:lMeasurement
KEYWORDS: Bloom's:lUnderstanding
DATElCREATED: 7/23/2013l2:37lPM
DATElMODIFIED: 7/23/2013l2:37lPM
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on Scott l
3. Whichloflthelfollowinglaccountsldecreaselwhenltheylareldebited?
a. Assetsl andl Drawing
b. DrawinglandlCapital
c. Expensesl andl Assets
d. CapitallandlLiabilities
e. LiabilitieslandlExpenses
ANSWER: d
POINTS: 1
DIFFICULTY: Easy
QUESTIONl TYPE: MultiplelChoice
HASlVARIABLES: False
LEARNINGlOBJECTIVES:l CACC.NSMB.13.2l 3l-lLO:l2-3
NATIONALlSTANDARDS:l UnitedlStatesl-lAACSB:lAnalytic
STATElSTANDARDS: UnitedlStatesl-lAKl-lACBSP:lRecordinglTransactions
UnitedlStatesl-lAKl-lAICPA-FN:lReporting
KEYWORDS: Bloom's:lUnderstanding
DATElCREATED: 7/23/2013l2:37lPM
DATElMODIFIED: 1/6/2017l4:55lAM
4. Aldebitlmaylresultlin
a. anlincreaselinlanlexpenselaccount.
b. anlincreasel inl anl assetl account.
c. aldecreaselinlalliabilitylaccount.
d. al decreasel inl al revenuel account.
e. allloflthese.
ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
QUESTIONl TYPE: MultiplelChoice
HASlVARIABLES: False
LEARNINGlOBJECTIVES:l CACC.NSMB.13.2l 3l-lLO:l2-3
NATIONALlSTANDARDS:l UnitedlStatesl-lAACSB:lReflectivelThinking
STATElSTANDARDS: UnitedlStatesl-lAKl-lACBSP:lRecordinglTransactions
UnitedlStatesl-lAKl-lAICPA-FN:lMeasurement
KEYWORDS: Bloom's:lUnderstanding
DATElCREATED: 7/23/2013l2:37lPM
DATElMODIFIED: 7/23/2013l2:37lPM
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5. Alcreditlmaylresultlin
a. anlincreaselinlalliabilitylaccount.
b. anlincreaselinlalrevenuelaccount.
c. al decreasel inl anl assetl account.
d. anlincreaselinlthelCapitallaccount.
e. allloflthese.
ANSWER: e
POINTS: 1
DIFFICULTY: Moderate
QUESTIONl TYPE: MultiplelChoice
HASlVARIABLES: False
LEARNINGlOBJECTIVES:l CACC.NSMB.13.2l 3l-lLO:l2-3
NATIONALlSTANDARDS:l UnitedlStatesl-lAACSB:lReflectivelThinking
STATElSTANDARDS: UnitedlStatesl-lAKl-lACBSP:lRecordinglTransactions
UnitedlStatesl-lAKl-lAICPA-FN:lMeasurement
KEYWORDS: Bloom's:lUnderstanding
DATElCREATED: 7/23/2013l2:37lPM
DATElMODIFIED: 7/23/2013l2:37lPM
6. Alcreditlmaylresultlin
a. anlincreaselinl anlassetl account.
b. aldecreaselinlthelCapitallaccount.
c. anlincreaselinlalliabilitylaccount.
d. aldecreaselinlalliabilitylaccount.
e. noneloflthese.
ANSWER: c
POINTS: 1
DIFFICULTY: Moderate
QUESTIONl TYPE: MultiplelChoice
HASlVARIABLES: False
LEARNINGlOBJECTIVES:l CACC.NSMB.13.2l 3l-lLO:l2-3
NATIONALlSTANDARDS:l UnitedlStatesl-lAACSB:lReflectivelThinking
STATElSTANDARDS: UnitedlStatesl-lAKl-lACBSP:lRecordinglTransactions
UnitedlStatesl-lAKl-lAICPA-FN:lMeasurement
KEYWORDS: Bloom's:lUnderstanding
DATElCREATED: 7/23/2013l2:37lPM
DATElMODIFIED: 7/23/2013l2:37lPM
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