| 1 |
Adjusting entries affect |
- A. Balance sheet
- B. Income statement
- C. Work sheet
- D. All of them
|
| 2 |
Expired cost of fixed assets means |
- A. Appreciation
- B. Amortization
- C. Depreciation
- D. None of these
|
| 3 |
Which one of the following is not considered the permanent part of the accounting record? |
- A. Journal
- B. Trail balance
- C. Ledger
- D. Work sheet
|
| 4 |
Worksheet provides complete information for preparing |
- A. Income statement
- B. Position statement
- C. Financial statement
- D. Bank reconciliation statement
|
| 5 |
______ must be prepaid for testing ledger accounts, adjusting entries and financial statement |
- A. Work sheet
- B. Balance sheet
- C. Bank statement
- D. Trail balance
|
| 6 |
A sheet which minimizes the chances of errors to the maximum possible extent is called |
- A. Balance sheet
- B. Work sheet
- C. Paper sheet
- D. Income statement
|
| 7 |
In the preparation of worksheet the amounts in the trail balance are taken directly form the ______ |
- A. Ledger
- B. Trail balance
- C. Balance sheet
- D. None of these
|
| 8 |
The ______ is not a part of the permanent accounting record |
- A. worksheet
- B. Journal
- C. Ledger
- D. Trail balance
|
| 9 |
One way of avoiding errors in the permanent accounting records is to use a form which is called |
- A. Bank statement
- B. Trail balance
- C. Balance sheet
- D. Work sheet
|
| 10 |
A ______ is a large columnar sheet of paper |
- A. Worksheet
- B. Balance sheet
- C. Journal
- D. None of these
|
