Accounts are records of increases and decreases in individual financial statement True False True ANSWER: Easy DIFFICULTY: Remembering ACCT.WARD.16.02-01 - 02-01 LEARNING OBJECTIVES: - Purpose ACCREDITING STANDARDS: - GAAP ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic A chart of accounts is a listing of accounts that make up the journal. True Trial False ANSWER: Easy DIFFICULTY: Bloom’s: Remembering ACCT.WARD.16.02-01 - 02-01 LEARNING OBJECTIVES: ACCT.ACBSP.APC.01 - Purpose ACCREDITING STANDARDS: ACCT.ACBSP.APC.02 - GAAP ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic The chart of accounts should be the same for each business. True Trial Trial ANSWER: Moderate DIFFICULTY: Bloom’s: Remembering ACCT.WARD.16.02-01 - 02-01 LEARNING OBJECTIVES: - GAAP ACCREDITING STANDARDS: ACCT.ACBSP.APC.03 - Business Forms ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic Accounts payable are accounts that you expect will be paid to you. True Trial False ANSWER: Moderate DIFFICULTY: Bloom’s: Remembering
Accounts are records of increases and decreases in individual financial statement True False ANSWER: True DIFFICULTY: Easy Remembering LEARNING OBJECTIVES: ACCT.WARD.16.02-01 - 02-01 ACCREDITING STANDARDS: - Purpose - GAAP ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic A chart of accounts is a listing of accounts that make up the journal. True ANSWER: False DIFFICULTY: Easy Bloom’s: Remembering LEARNING OBJECTIVES: ACCT.WARD.16.02-01 - 02-01 ACCREDITING STANDARDS: ACCT.ACBSP.APC.01 - Purpose ACCT.ACBSP.APC.02 - GAAP ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic The chart of accounts should be the same for each business. True ANSWER: DIFFICULTY: Moderate Bloom’s: Remembering LEARNING OBJECTIVES: ACCT.WARD.16.02-01 - 02-01 ACCREDITING STANDARDS: - GAAP ACCT.ACBSP.APC.03 - Business Forms ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic Accounts payable are accounts that you expect will be paid to you. True ANSWER: False DIFFICULTY: Moderate Bloom’s: Remembering Trial Trial Trial Trial
Test-Bank-for-Accounting-26th-Edition-by-Warren.docx