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Ledgers and Chart of Accounts: Definitions and Use

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

The book or computer printout that contains the accounts is called the:

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1. The _________ ledger contains information on all the accounts.

2. The chart of accounts is broken down into _____ types of accounts.

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About This Quiz & Worksheet

This quiz will test you on definitions. The questions will provide you with a definition and you will need to complete the sentence with the correct term. Other questions will require you to fill in the blank.

Quiz & Worksheet Goals

You will be tested on the following concepts:

  • The name for the computer printout or book that contains accounts
  • Types of ledgers
  • Types of accounts
  • The number of sections in the chart of accounts

Skills Practiced

The quiz will help you practice these skills:

  • Reading comprehension - ensure that you draw the most important information from the related ledgers and chart of accounts lesson
  • Interpreting information - verify that you can read information regarding ledgers and interpret it correctly
  • Information recall - access the knowledge you've gained regarding chart of accounts

Additional Learning

Finish the quiz and head over to the related lesson, Ledgers and Chart of Accounts: Definitions and Use. The lesson will help you achieve the following objectives:

  • Understanding the ledger and chart of accounts
  • Defining the ledger
  • Clarifying the meaning of the chart of accounts
  • Detailing the five categories in the chart of accounts
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