Acct. 1 Chapter 6 Quiz
Quiz by Teresa
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20 questions
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- Q1A sequence of business activities complete throughout a fiscal period to keep accounting records in an orderly fashionAccounting Cycle30s
- Q2The source document for recording a cash payment transactionCheck Stub30s
- Q3A system in which information is recorded by entering it into a computerComputerized Accounting System30s
- Q4An all-purpose journal in which all transactions of a business may be recordedGeneral Journal30s
- Q5The source document that shows the date of a business transaction, the items purchased,, the quantity of each item, and the cost of each itemInvoice30s
- Q6A chronological record of business transactionsJournal30s
- Q7The process of recording business transactions in a journalJournalizing30s
- Q8Recording business information by handManual Accounting System30s
- Q9A brief message written to describe a transaction that takes place within a businessMemorandum30s
- Q10The business document prepared when cash is receivedReceipt30s
- Q11A business paper that verifies that a transaction actually occurredSource of Document30s
- Q12Collect source documents and verify the financial informationStep 1 of the Accounting Cycle30s
- Q13Analyze business transactions into their debit and credit partsStep 2- of the Accounting Cycle30s
- Q14Record the debit and credit parts of each business transaction in a journalStep 3- of the Accounting Cycle30s
- Q15Post each journal entry to the ledger accountsStep 4 of the Accounting Cycle30s