1 / 43

Accounting Jeopardy Century 21 Accounting Chapter 4 by Mrs. Saylor

Accounting Jeopardy Century 21 Accounting Chapter 4 by Mrs. Saylor. Accounting Jeopardy. Credits. Exit. Century 21 Accounting That’s all folks. Accounting Concepts 1 $100. A journal shows in one place all the changes in a single account. Accounting Concepts 1 $100. What is False ?

loring
Download Presentation

Accounting Jeopardy Century 21 Accounting Chapter 4 by Mrs. Saylor

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Accounting JeopardyCentury 21 AccountingChapter 4by Mrs. Saylor

  2. Accounting Jeopardy

  3. Credits Exit Century 21 Accounting That’s all folks.

  4. Accounting Concepts 1 $100 • A journal shows in one place all the changes in a single account.

  5. Accounting Concepts 1 $100 What is False? • It is a Ledger that shows in one place all the changes in a single account.

  6. Accounting Concepts 1 $200 • Account numbers may be assigned by 10s so that new accounts can be added easily.

  7. Accounting Concepts 1 $200 • What is True?

  8. Accounting Concepts 1 $300 • If a new account is located between accounts, numbered 510 and 520, the new account is numbered 515.

  9. Accounting Concepts 1 $300 What is True?

  10. Accounting Concepts 1 $400 • If a business has only two asset accounts, Cash and Supplies, the two accounts are numbered 110 and 120.

  11. Accounting Concepts 1 $400 • What is True?

  12. Accounting Concepts 1 $500 • The procedure of arranging accounts in a general ledger, assigning account numbers, and keeping records current is called posting.

  13. Accounting Concepts 1 $500 What is False? • The procedure is called file maintenance.

  14. Accounting Concepts 2 $100 • A journal page number (G1) is written in the Post. Ref. column of an account to show that posting of the entry is completed.

  15. Accounting Concepts 2 $100 What is False? • An account number (120) is written in the Post. Ref. column of a journal to show that posting of the entry is completed.

  16. Accounting Concepts 2 $200 • The account number is placed in the Post. Ref. column of the journal as the last step in the posting procedure.

  17. Accounting Concepts 2 $200 • What is True?

  18. Accounting Concepts 2 $300 • Cash is always proved at the end of the month.

  19. Accounting Concepts 2 $300 • What is True?

  20. Accounting Concepts 2 $400 • The first digit in the account number 120 means that the account is in the _____ division of the general ledger.

  21. Accounting Concepts 2 $400 • What is an Asset?

  22. Accounting Concepts 2 $500 • The procedure for transferring information from a journal entry to a ledger account is called __________________.

  23. Accounting Concepts 2 $500 • What is posting?

  24. Accounting Concepts 3 $100 • The first step in the posting procedure is writing the _____________.

  25. Accounting Concepts 3 $100 • What is the Date?

  26. Accounting Concepts 3 $200 • The two steps for opening an account are writing the account title and recording the balance.

  27. Accounting Concepts 3 $200 What is False? • The two steps are writing the account title and the account number.

  28. Accounting Concepts 3 $300 • The posting reference should always be recorded in the journal’s Post. Ref. column before amounts are recorded in the ledger.

  29. Accounting Concepts 3 $300 What is False? • The posting reference should always be recorded in the journal’s Post. Ref. column after amounts are recorded in the ledger.

  30. Accounting Concepts 3 $400 • The only reason for the Post. Ref. columns of the journal and general ledger is to indicate which entries in the journal still need to be posted if posting is interrupted.

  31. Accounting Concepts 3 $400 What is False? • Also for cross referencing a source document.

  32. Accounting Concepts 3 $500 • The last step in the posting procedure is writing the _____ _____ in the Post. Ref. column of the journal.

  33. Accounting Concepts 3 $500 • What is an Account number?

  34. Accounting Concepts 4 $100 • The steps for posting are to write the date, journal page number, amount, and balance.

  35. Accounting Concepts 4 $100 What is False? • There are 5 steps to posting. Date, Journal Page Number, Amount, Balance, Account No.

  36. Accounting Concepts 4 $200 • When all posting is completed, the journal’s Post. Ref. column is completely filled.

  37. Accounting Concepts 4 $200 • What is True?

  38. Accounting Concepts 4 $300 • If posting is interrupted, the accounting personnel know to resume posting on the line where there is a blank _____ _____ column in the journal.

  39. Accounting Concepts 4 $300 • What is Post Reference?

  40. Accounting Concepts 4 $400 • Determining that the amount of cash agrees with the accounting records is called _____ _____.

  41. Accounting Concepts 4 $400 • What is proving cash?

  42. Accounting Concepts 4 $500 • An account number in the journal’s Post. Ref. column shows the _____ to which an amount is posted.

  43. Accounting Concepts 4 $500 • What is an account?

More Related