If You Believe Not All Adjusting Entries Were Posted in the General

question 28

Multiple Choice

If you believe not all adjusting entries were posted in the general ledger,you should prepare a general ledger control report listing journal vouchers in

• A)numerical sequence.
• B)chronological order.
• C)general ledger account number order.
• D)any order,since you have to review them all anyway.

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Definitions:

Debit Normal

Refers to accounts that are increased with a debit transaction and have a natural debit balance, such as assets, expenses, and losses.

Credit Normal

The usual terms or conditions under which credit is extended to customers, including payment due dates and interest rates.

Sales Slip

A document that records the details of a transaction made between a buyer and a seller.

Cash Register Tape

A paper roll or digital record used in cash registers to record transactions made during a business day.