11) A chart of accounts includes:
A) balances of accounts.
B) names of customers
C) assets and liabilities.
D) accounts with unusual balances.
E) account activity.
12) Which of the following is an expense account?
A) Prepaid insurance
B) Advertising
C) Accounts payable
D) Cash
E) Notes payable
13) Which of the following is a revenue account?
A) Professional fees
B) Accounts Payable
C) Accounts Receivable
D) Wages
E) Cash
14) Marketing expenditures account 511 would belong to what category of accounts?
15) Monies owed to a company on a written promise to pay a fixed amount of money by a certain date would be called a __________.
16) Accounts starting with the number 4 would typically represent __________.
17) An account starting with a number 1 would indicate __________.
18) Accounts that start with the numbers 6-9 would probably be __________.
19) The order in which accounts appear in the chart of accounts is: __________.
20) Items such as wages and interest that have been incurred, but not yet paid, are called __________.