Test Bank for College Accounting, 15th Edition by Jeffrey Slater .pdf

,DOWNLOAD THE Test Bank for College Accounting 14th Edition Slater
m m m m m m m m m




Collegem Accounting,m 14Cem (Slater/Good)
Chapterm2 DebitsmandmCredits:mAnalyzingmandmRecordingmBusinessmTransactions

2.1 RecordingmtransactionsminmTmaccountsmaccordingmtomthemrulesmof mdebit mand mcredit.

1) Onemof mthemfollowingmstatementsmdoesmnot mhelpmtomexplainmthemdesignmof mamTmaccount:
A) Themaccount mhasmambalance.
B) Themaccount mhasmamspacemformrecordingmincreasesminmthemamount.
C) Themaccount mhasmamspacemformrecordingmdecreasesminmthemamount.
D) Themaccount mhasmamtitle
.mAnswer:m A
Diff:m2
Type:mMC
mObjective:m 2-1




2) Whenmspeakingmof mthemStandard mAccount mForm,mit mismTRUEmtomsaymthat
A) It mismnot mused minmbusinessmrecordsmtoday.
B) Themformmhasmnomroommformindicatingmeithermamdebit mormamcredit.
C) TheremismnomDatemcolumnmincluded minmthismform.
D) Allmof mamcompany'smaccountsmtogethermformmamledge
r.mAnswer:m D
Diff:m2
Type:mMC
mObjective:m 2-1




3) Whichmof mthesemstatementsmabout mTmaccountsmismFALSE?
A) Theymaremoftenmused mtomhelpmaccountantsmmakemdecisions.
B) Theymhavembothmamleft msidemand mamright mside.
C) Theymaremused mextensivelyminmcomputermaccounting.
D) Eachmaccount mhasmamnormalmbalancemwhichmismeithermamdebit mormamcred
it.mAnswer:m C
Diff:m1
Type:mMC
mObjective:m 2-1




4) What mdevicemismused mtomrecord mthemincreasesmand mdecreasesmcaused mbymbusinessmtransactions
mtomindividualmassets,mliabilities,mand mowner'smequity?

A) Chart mof maccounts
B) Account
C) TrialmBalance
D) Footings
mAnswer:m

B
Diff:m1
Type:mMC
mObjective:m 2-1




1
Copyright m©m2021 mPearson mEducation,mIn
c.
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,DOWNLOAD THE Test Bank for College Accounting 14th Edition Slater
m m m m m m m m m




5) Anmaccount mhad mamstartingmdebit mbalancemof m$350.m Theremweremdebit mpostingsmof m$400ma
nd mcredit mpostingsmof m$200mduringmthemmonth.m Themendingmbalancemis
A) $550mdebit.
B) $450mcredit.
C) $950mdebit.
D) $200mdebit.
mAnswer:m A

Diff:m2
Type:mMC
mObjective:m 2-1




6) Themword m"debit"mcomesmfrommwhichmlanguage?
A) Latin
B) French
C) Italian
D) NorskmA
nswer:m A
Diff:m1
Type:mMC
mObjective:m 2-1




7) Withmrespect mtomthembalancingmof manmaccount,mwhichmonemof mthesemstatementsmismFALSE?
A) If mthemtotalmonmthemcredit msidemwasmthemlarger,mthembalancemismamcredit.
B) Dollarmsignsmaremalwaysmused mtomdesignatemambalancemamount.
C) Footingsmof meachmsidemof mthemaccount maremneeded mtomdeterminemthembalance.
D) If mthemtotalmonmthemdebit msidemwasmthemlarger,mthembalancemismamde
bit.mAnswer:m B
Diff:m1
Type:mMC
mObjective:m 2-1




8) AccountsmReceivablemhad mamnormalmstartingmbalancemof m$1000.mTheremweremdebit mpostingsmof
$800mand mcredit mpostingsmof m$400mduringmthemmonth.mThemendingmbalancemis
A) $600mcredit.
B) $1,400mdebit.
C) $2,200mdebit.
D) $1,400mcredit.
mAnswer:m B

Diff:m2
Type:mMC
mObjective:m 2-1




9) Anmaccount mhad mam$500mcredit mstartingmbalance.m Theremweremdebit mpostingsmof m$400mand mcre
dit mpostingsmof m$150mduringmthemmonth.m Themendingmbalancemis
A) $250mcredit.
B) $750mdebit.
C) $1050mcredit.
D) $150mcredit.
2
Copyright m©m2021 mPearson mEducation,mIn
c.
mynursytest.store

, DOWNLOAD THE Test Bank for College Accounting 14th Edition Slater
m m m m m m m m m




mAnswer:m A
Diff:m2
Type:mMC
mObjective:m 2-1




3
Copyright m©m2021 mPearson mEducation,mIn
c.
mynursytest.store