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Accounting Chapter 3 cont'd

Quiz by Jala

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11 questions
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  • Q1
    A form for recording transactions in chronological order
    Journal
    30s
  • Q2
    Recording transactions in a journal
    Journalizing
    30s
  • Q3
    Information for each transaction recorded in a journal
    Entry
    30s
  • Q4
    The recording of debit and credit parts of a transaction
    Double-Entry Accounting
    30s
  • Q5
    A business paper from which information is obtained for a journal entry
    Source Document
    30s
  • Q6
    Accounting concept whereby a source document is prepared for each transaction
    Objective Evidence
    30s
  • Q7
    A business form ordering a bank to pay cash from a bank account
    Check
    30s
  • Q8
    A form describing the goods or services sold, the quantity, the price, and the terms of sale
    Invoice
    30s
  • Q9
    An invoice used as a source document for recording a sale on account. Also called a sales ticket or sales slip
    Sales Invoice
    30s
  • Q10
    A business form giving written acknowledgement for cash received
    Receipt
    30s
  • Q11
    A form on which a brief message is written to describe a transaction
    Memorandum
    30s

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