ACC 556 Chapter 4 Quiz ( 100 % Score )
Which statement about an account is true ?
· Question 10 Which one of the following represents the expanded basic accounting equation ?
· Question 11 Which of the following is not an example of a source document that provides evidence of a transaction ?
· Question 12 The primary purpose of the trial balance is to
· Question 13 Which of the following statements is not true ?
· Question 14 All of the following are characteristics of every accounting information system except it is a system
· Question 15 On June 1 , 2014 , England Inc . reported a cash balance of $ 21,000 . During June , England made deposits of $ 8,000 and made disbursements totaling $ 24,000 . What is the cash balance at the end of June ?
· Question 16 All of the following statements regarding the double-entry system are true except
· Question 17 Borrowing money and issuing shares of stock are
· Question 18 The purpose of the ledger is to
· Question 19 Which statement is incorrect ?
· Question 20 Match the items below by entering the appropriate code letter in the space provided . ===================================================
ACC 556 Chapter 4 Quiz ( 100 % Score )