ACC 557 TUTOR Learn by Doing/acc557tutor.com ACC 557 TUTOR Learn by Doing/acc557tutor.com | Page 25

ACC 557 Week 4 Chapter 4 Quiz (all possible questions)

FOR MORE CLASSES VISIT
www.acc557tutor.com
ACC 557 Week 4 Chapter 4 Quiz (all possible questions)
This Tutorial contains All possible Questions from this chapter (it
contains more than 200 questions set)
SOME SAMPLE QUESTIONS ARE GIVEN BELOW OUT OF
THOSE 200 QUESTIONS
1) A correcting entry
is another name for a closing entry.
may involve any combination of accounts.
is a required step in the accounting cycle.
must involve one balance sheet account and one income statement
account
2) A double rule applied to accounts in the ledger during the closing
process implies that
the account balance is not zero.
a mistake has been made, since double ruling is prescribed.
the account is a temporary account.
the account is a balance sheet account