10/20/21, 2:43 AM Q2 Written Work 1

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Week 13: Accounting Books - Ledger /
Q2 Written Work 1

Question 1
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Posting is the _______ step in the accounting process.

Select one:
a. 4th
b. 1st
c. 3rd
d. 2nd
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Question 2
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___________ highlights computations that allow the reader to understand how the company performs and positions itself financially.

Select one:
a. Vertical Analysis
b. Horizontal Analysis
c. All of the choices
d. Ratio Analysis

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Question 3
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Static analysis means that:

Select one:
a. Only looks at financial statement information one period at a time.
b. None of the choices
c. Compares the company's financial statements from one period to another
d. Interprets the relationship among the different accounts found in the financial statements.
Clear my choice

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10/20/21, 2:43 AM Q2 Written Work 1

Question 4
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Which is written first?

Select one:
a. Amount to be debited
b. Explanation
c. Amount to be credited
d. Folio

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Question 5
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What is true about Ratio analysis?

Select one:
a. All of the choices
b. It is the method of financial evaluation that interprets the relationship among the different accounts found in the financial
statements.
c. It highlights computations that allow the reader to understand how the company performs and positions itself financially.
d. The most widely used basis of fully understanding a company's financial statements

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Question 6
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Which is written first?

Select one:
a. Account to be debited
b. No order is followed
c. Either A or B
d. Account to be credited
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10/20/21, 2:43 AM Q2 Written Work 1

Question 7
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To apply the concepts of Vertical and Horizontal analysis on the given financial data. Changes in the company's financial amounts = ?

Select one:
a. (Amount of base year) + (Amount in the New Year)
b. (Amount in the New Year) + (Amount in the base year)
c. (Amount in the New Year) - (Amount in the base year)
d. (Amount of base year) - (Amount in the New Year)

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Question 8
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The accounting equation is followed in arranging accounts according to _______________.

Select one:
a. All of the choices
b. Liquidity
c. Profitability
d. Stability
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Question 9
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It highlights computations that allow the reader to understand how the company performs and positions itself financially.

Select one:
a. Ratio Analysis
b. Vertical Analysis
c. None of the choices
d. Horizontal Analysis

Clear my choice

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10/20/21, 2:43 AM Q2 Written Work 1

Question 10
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It shows the fair measure of assets, liabilities and owner's equity.

Select one:
a. None of the choices
b. Unadjusted Trial Balance
c. Posting
d. Adjusting Entries

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◄ Week 013 - Presentation Accounting Books - Ledger

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