Recording of accounting operations quiz

Financial Accounting Quiz

On Apr 8, 2026

Recording of accounting operations

10 questions in 10 minutes

Pass Score 70%

1 / 10

A trial balance will not balance if :

the purchase of supplies on account is debited to Supplies and credited to Cash

a $10 cash drawing by the owner is debited to Owner’s Drawings for $100 and credited to Cash for $10

a correct journal entry is posted twice

a $450 payment on account is debited to Accounts Payable for $45 and credited to Cash for $45

2 / 10

Posting :

is an optional step in the recording process

transfers ledger transaction data to the journal

normally occurs before journalizing

transfers journal entries to ledger accounts

3 / 10

Which of the following is not part of the recording process ?

Analyzing transactions

Entering transactions in a journal

Preparing a trial balance

Posting transactions

4 / 10

Debits :

decrease assets and increase liabilities

increase assets and decrease liabilities

increase both assets and liabilities

decrease both assets and liabilities

5 / 10

Accounts that normally have debit balances are :

assets, liabilities, and owner’s drawings

assets, owner’s drawings, and expenses

assets, expenses, and revenues

assets, expenses, and owner’s capital

6 / 10

The purchase of supplies on account should result in :

a debit to Supplies Expense and a credit to Accounts Payable

a debit to Supplies and a credit to Accounts Receivable

a debit to Supplies Expense and a credit to Cash

a debit to Supplies and a credit to Accounts Payable

7 / 10

Before posting a payment of $10,000, the Accounts Payable of the Company had a normal balance of $25,000. The balance after posting this transaction was :

$10,000

Cannot be determined

$15,000

$35,000

8 / 10

A trial balance :

proves the mathematical accuracy of journalized transactions

will not balance if a correct journal entry is posted twice

proves that all transactions have been recorded

is a list of accounts with their balances at a given time

9 / 10

The order of the accounts in the ledger is :

assets, liabilities, owner’s capital, owner’s drawings, revenues, expenses

revenues, assets, expenses, liabilities, owner’s capital, owner’s drawings

assets, revenues, expenses, liabilities, owner’s capital, owner’s drawings

owner’s capital, assets, revenues, expenses, liabilities, owner’s drawings

10 / 10

Which of the following statements about a journal is false ?

It provides a chronological record of transactions

It is not a book of original entry

It discloses in one place the complete effect of a transaction

It helps to locate errors because the debit and credit amounts for each entry can be readily compared

Your score is

Question topics

Debits and credits

The Journal –The Ledger – Posting

Chart of accounts –The trial balance