Accounts are records of increases and decreases in individual financial statement items. True False True ANSWER: Easy DIFFICULTY: Remembering FNMN.WARD.16.02-01 - LO: 02-01 LEARNING OBJECTIVES: ACCT.ACBSP.APC.01 - 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 False False ANSWER: Easy DIFFICULTY: Bloom's: Remembering FNMN.WARD.16.02-01 - LO: 02-01 LEARNING OBJECTIVES: ACCT.ACBSP.APC.01 - Purpose ACCREDITING STANDARDS: - GAAP - Measurement BUSPROG: Analytic The trial of accounts should be the same for each business. True False False ANSWER: Moderate DIFFICULTY: Bloom's: Remembering FNMN.WARD.16.02-01 - LO: 02-01 LEARNING OBJECTIVES: ACCT.ACBSP.APC.02 - 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 False False ANSWER: Moderate DIFFICULTY: Bloom's: Remembering
Accounts are records of increases and decreases in individual financial statement items. True False ANSWER: True DIFFICULTY: Easy Remembering LEARNING OBJECTIVES: FNMN.WARD.16.02-01 - LO: 02-01 ACCREDITING STANDARDS: ACCT.ACBSP.APC.01 - Purpose - GAAP ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic A chart of accounts is a listing of accounts that make up the journal. True False ANSWER: False DIFFICULTY: Easy Bloom's: Remembering LEARNING OBJECTIVES: FNMN.WARD.16.02-01 - LO: 02-01 ACCREDITING STANDARDS: ACCT.ACBSP.APC.01 - Purpose - GAAP - Measurement BUSPROG: Analytic The of accounts should be the same for each business. True False ANSWER: False DIFFICULTY: Moderate Bloom's: Remembering LEARNING OBJECTIVES: FNMN.WARD.16.02-01 - LO: 02-01 ACCREDITING STANDARDS: ACCT.ACBSP.APC.02 - 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 False ANSWER: False DIFFICULTY: Moderate Bloom's: Remembering trial
test-bank-financial-managerial-accounting-13th-edition-warren.docx