1) When recording journal entries, a good control is to:

a) total the debits and credits to see if they balance

b) enter all credits first before all debits or vice versa

c) record entries using even dollar amounts (rounded up)

d) enter the journal entries alphabetically

e) None of the choices listed

2) The chart of accounts:

a) lists the accounts being used by a business and includes their account numbers

b) lists only the balance sheet accounts

c) list only the income statement accounts

d) is a standard listing of accounts that is used by all businesses

e) None of the choices listes

3) Which of the following accounts is increased by a debit entry?

a) Bank Loan

b) Accounts Payable

c) Sales

d) Depreciation Expense

e) None of the choices listed

4) Which of the following accounts is decreased by a credit entry?

a) Bank Loan

b) Unearned Revenue

c) Accounts Payable

d) Revenue

e) None of the choices listed

5) The statement of owner's equity is the link between:

a) the journal and the ledger

b) the income statement and the balance sheet

c) debits and credits

d) the ledger and the trial balance

e) None of the choices listed

6) Which one of the following is a temporary account?

a) Unearned Revenue

b) Bank Loan

c) Prepaid Expenses

d) Revenue

e) None of the choices listed