Adjusted trial balance of the work-sheet

Reference no: EM13258288

1) The post closing trial balancewill include revenue or expense accounts.

True False

2) If the unearned revenue account hadan unadjusted normal balance of $4,800 and an adjustment was made debiting the account for $1,500, the account would appear on the adjusted trial balance of the work sheet as a :

a) $3,300 debit

b) $3,300 credit

c) $4,800 credit

d) $4,800 debit

3) The owner's capital accountwith a normal balance would be extended to which column on the worksheet:

a) debit column on the balancesheet

b) credit column on the balancesheet

c) debit column on the incomestatement

d) credit column on the incomestatement

4) During the closing process, revenueand expense account balances are first transferred to an accountentitled:

a) revenue summary

b) expense summary

c) capital summary

d) income summary

5) Which of the following are alltemporary accounts?

A) Revenues, expenses, andcapital

b) revenues, expenses, andwithdrawals

c) assets, liabilities, andcapital

d) assets, liabilities, andwithdrawals

6) Another name for temporary accountsis

A) permanent accounts

B) real accounts

C) current accounts

D) nominal accounts

Reference no: EM13258288

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