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12. An accountant wanting to know the balance of a particular account would refer to the a. ledger. h. chart of accounts. book of original entry. C. d. source document. 13. Assuming a normal balance, which of the following is correct concerning the trial balance columns of the worksheet? a. Assets are shown as credits. b. Liabilities are shown as debits. C. The drawing account is shown as a debit. d. Expenses are shown as credits. redits in the ledger are equal is called the

12. An accountant wanting to know the balance of a particular account would refer to the a. ledger. h. chart of accounts. book of original entry. C. d. source document. 13. Assuming a normal balance, which of the following is correct concerning the trial balance columns of the worksheet? a. Assets are shown as credits. b. Liabilities are shown as debits. C. The drawing account is shown as a debit. d. Expenses are shown as credits. redits in the ledger are equal is called the

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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12. An accountant wanting to know the balance of a particular account would refer to the a. ledger. b. chart of accounts. book of original entry. C. d. source document. 13. Assuming a normal balance, which of the following is correct concerning the trial balance columns of the worksheet? a. Assets are shown as credits. b. Liabilities are shown as debits. C. The drawing account is shown as a debit. d. Expenses are shown as credits. 14. The proof that the debits and credits in the ledger are equal is called the a. trial balance.
Transcribed Image Text:12. An accountant wanting to know the balance of a particular account would refer to the a. ledger. b. chart of accounts. book of original entry. C. d. source document. 13. Assuming a normal balance, which of the following is correct concerning the trial balance columns of the worksheet? a. Assets are shown as credits. b. Liabilities are shown as debits. C. The drawing account is shown as a debit. d. Expenses are shown as credits. 14. The proof that the debits and credits in the ledger are equal is called the a. trial balance.
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