Accounting Self-Assessment Quiz

Name:_________________________ Period:____ Date:_________ Glencoe Accounting (First-Year Course) Chapter 7, Section 1

1.	Jimmy Vaughn is
		the designer of the four column ledger
		one of the founding members of The Fabulous Thunderbirds
		the headmaster at the J. Vaughn School of Accounting
		the "King of Late Night"

2.	In a manual accounting system, the accounting stationery used to record financial information about specific accounts is a
		ledger book
		ledger account form
		general journal
		secret diary

3.	One of the steps to opening an account with a balance is to
		call home and check your messages
		record the prior period transactions on a journal entry
		place a check mark on the journal entry to indicate it has been recorded in the ledger
		place a check mark in the Posting Reference column to show the amount is not being posted from a journal

4.	The accounts used by a business can be kept on pages or cards, which are kept together in a book or file called a
		chart of accounts
		account manager
		general ledger
		file cabinet

5.	To open an account with a zero balance
		send a notice to the manager
		write the account name and number at the top of the ledger form
		write a journal entry to record
		write account name at the top of the ledger form and the account number at the bottom of the form