Which one of the following is not the purpose of a receivables ledger control account? A: A receivables ledger control account provides a check on the arithmetical accuracy of the personal ledger. B: A receivables ledger control account helps to locate errors in the trial balance. C: A receivables ledger control account ensures that there are no errors in the personal ledger. D: Control accounts help deter fraud

The essential point of the double-entry system of accounting is that every transaction A: affects accounts on both sides of the balance sheet. B: is recorded in both the journal and the ledger. C: increase one ledger account and decrease another. D: affects two or more ledger accounts and is recorded by an equal amount of debits and credits.

Personal accounts are contained in the _____. A: Note receivables ledger B: account receivables ledger C: account payables ledger D: Note payables ledger

To which of the following is the receivables ledger control account reconciled? A: Aged receivables analysis B: Payables ledger C: Receivables ledger D: Cash book

A business maintains a full set of books of account. Where will the purchases account appear? A: sales ledger B: general ledger C: purchases day book D: purchases ledger

The middle C lies in? A: The lower 1st ledger line under the treble B: The 1st ledger line under the bass C: The upper 1st ledger line of the bass D: 2nd line

Journal entries are transferred to the ledger. This process is called posting.

A（）is a chronological (arrange in order of time ) record of business transactions. A: journal B: ledger accounts C: general ledger

中国大学MOOC: A column in journals and ledger accounts used to cross reference journal and ledger entries is the__________.

What is the specific order of the recording process? A: Journal, trial balance, financial statements, ledger, transaction documentation B: Transaction documentation, journal, ledger, trial balance, financial statements C: Transaction documentation, ledger, journal, trial balance, financial statements D: Trial balance, financial statements, ledger, journal, transaction documentation E: Ledger, journal, transaction documentation, trial balance, financial statements