Quiz

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Ryan West 8 questions

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Questions in this quiz (8)

1Because an account form has columns for the debit and credit balance of an account, it is often referred to as the blance-ruled account form.
1. ATrue
2. BFalse
2The asset division accounts for Delgado Web Services are numbered in the 200s.
1. ATrue
2. BFalse
3The cash account for Delgado Web Services is the first asset account and is numbered 110.
1. ATrue
2. BFalse
4The third division of Delgado Web Services chart of accounts is the owner's equity division.
1. ATrue
2. BFalse
5The first digit of account numbers for accounts in the owner's equity ledger division of the account.
1. ATrue
2. BFalse
6The last two digits in a 3-digit account number indicate the general ledger division of the account.
1. ATrue
2. BFalse
7When adding a new expense account between accounts numbered 510 and 520, the new account is assigned the account number 515.
1. ATrue
2. BFalse
8Delgado Web Services arranges expense accounts in chronological order in its general ledger.
1. ATrue
2. BFalse