Study questions for chapter seven

7.1 …… are self-balancing accounts.

7.2 A ……….. shows the particulars of the balances of accounts in the general ledger.

7.3 A ……. is a memorandum account.

7.4 There are ….. categories of trial balance errors.

7.5 Customers’ total unpaid balance at the end of the previous accounting period ………. the amounts in the trade receivables ledger.

7.6 Sales returns …… the amounts in the trade receivables ledger.

7.7 The inventory bought on credit from suppliers ……. the amounts in the payables ledger.

7.8 Inventory returned to suppliers ……. the amounts in the payables ledger.

7.9 When an accountant wants to adjust the errors associated with the payables ledger control account, he or she starts by identifying the original balance of the ……….

7.10 A control account can ascertain the …. of transactions posted to a subledger.