True False True ANSWER: Moderate DIFFICULTY: Bloom’s: Remembering ACCT.WARD.16.02-03 - 02-03 LEARNING OBJECTIVES: ACCT.ACBSP.APC.02 - GAAP ACCREDITING STANDARDS: ACCT.ACBSP.APC.06 - Recording Transactions ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic Postings made to standard account forms show a new balance after each entry. True True ANSWER: Moderate DIFFICULTY: Remembering ACCT.WARD.16.02-03 - 02-03 LEARNING OBJECTIVES: ACCT.ACBSP.APC.05 - Accounting Cycle ACCREDITING STANDARDS: ACCT.ACBSP.APC.06 - Recording Transactions ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic A group of related accounts that make up a complete unit is called a balance. True False False ANSWER: Easy DIFFICULTY: Bloom’s: Remembering ACCT.WARD.16.02-04 - 02-04 LEARNING OBJECTIVES: ACCT.ACBSP.APC.02 - GAAP ACCREDITING STANDARDS: ACCT.ACBSP.APC.09 - Financial Statements ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic A trial balance determines the accuracy of the numbers. True False False ANSWER: Challenging DIFFICULTY: Bloom’s: Remembering ACCT.WARD.16.02-04 - 02-04 LEARNING OBJECTIVES: ACCT.ACBSP.APC.02 - GAAP ACCREDITING STANDARDS:
True False ANSWER: True DIFFICULTY: Moderate Bloom’s: Remembering LEARNING OBJECTIVES: ACCT.WARD.16.02-03 - 02-03 ACCREDITING STANDARDS: ACCT.ACBSP.APC.02 - GAAP ACCT.ACBSP.APC.06 - Recording Transactions ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic Postings made to standard account forms show a new balance after each entry. True ANSWER: True DIFFICULTY: Moderate Remembering LEARNING OBJECTIVES: ACCT.WARD.16.02-03 - 02-03 ACCREDITING STANDARDS: ACCT.ACBSP.APC.05 - Accounting Cycle ACCT.ACBSP.APC.06 - Recording Transactions ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic A group of related accounts that make up a complete unit is called a balance. True False ANSWER: False DIFFICULTY: Easy Bloom’s: Remembering LEARNING OBJECTIVES: ACCT.WARD.16.02-04 - 02-04 ACCREDITING STANDARDS: ACCT.ACBSP.APC.02 - GAAP ACCT.ACBSP.APC.09 - Financial Statements ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic A trial balance determines the accuracy of the numbers. True False ANSWER: False DIFFICULTY: Challenging Bloom’s: Remembering LEARNING OBJECTIVES: ACCT.WARD.16.02-04 - 02-04 ACCREDITING STANDARDS: ACCT.ACBSP.APC.02 - GAAP
Test-Bank-for-Accounting-26th-Edition-by-Warren.docx