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Free Exam: POSTING FROM 5 COLUMN CASH JOURNAL

Number of Questions in Test: 5

Note: Answers are not shown below but will be copied with this test.

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Question 1

1. Only the General Debit and Credit totals are posted at the end of the month.

Type: True/False
Points: 1

Question 2

2. The five column Cash journal saves time in the posting process.

Type: True/False
Points: 1

Question 3

3. Columns four and five of the Cash journal summarize the Cash account in the General ledger.

Type: True/False
Points: 1

Question 4

4. Two account titles that are never written in the account title column are Sales and Cash.

Type: True/False
Points: 1

Question 5

5. There are five (5) steps in the posting process.

Type: True/False
Points: 1

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