Reference no: EM132782444

Problem 1: The term footing refers to the process of

Option 1: obtaining the top number in an account.
Option 2: process of obtaining the bottom number in an account.
Option 3: process of posting.
Option 4: addition of a column of figures.

Problem 2: What function do general ledgers serve in the accounting process?

Option 1: Summarizing
Option 2: Recording
Option 3: Classifying
Option 4: Reporting

Problem 3: A chart of accounts is a (an)

Option 1: journal.
Option 2: flowchart of all transactions.
Option 3: list of names of all account titles.
Option 4: accounting procedure manual.