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Chapter 3 Accounting

Quiz by Patty

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29 questions
Show answers
  • Q1
    a business form ordering a bank to pay cash from a bank account
    check
    30s
    Edit
    Delete
  • Q2
    the recording of debit and credit parts of a transaction
    double-entry accounting
    30s
    Edit
    Delete
  • Q3
    information for each transaction recorded in a journal
    entry
    30s
    Edit
    Delete
  • Q4
    a journal amount column that is not headed with an account title
    general amount column
    30s
    Edit
    Delete
  • Q5
    a form describing the goods or services sold, the quantity, and the price
    invoice
    30s
    Edit
    Delete
  • Q6
    a form for recording transactions in chronological order
    journal
    30s
    Edit
    Delete
  • Q7
    recording transactions in a journal
    journalizing
    30s
    Edit
    Delete
  • Q8
    a form on which a brief message is written describing a transaction
    memorandum
    30s
    Edit
    Delete
  • Q9
    determining that the amount of cash agrees with the accounting records
    proving cash
    30s
    Edit
    Delete
  • Q10
    a business form giving written acknowledgement for cash received
    receipt
    30s
    Edit
    Delete
  • Q11
    an invoice used as a source document for recording a sale on account
    sales invoice
    30s
    Edit
    Delete
  • Q12
    a business paper from which information is obtained for a journal entry
    source document
    30s
    Edit
    Delete
  • Q13
    a journal amount column headed with an account title
    special amount column
    30s
    Edit
    Delete
  • Q14
    The source document for all cash payments is a sales invoice
    true
    false
    30s
    Edit
    Delete
  • Q15
    A receipt is the source document for cash received from transactions other than sales
    false
    true
    30s
    Edit
    Delete
  • Q16
    A calculator tape is the source document for daily sales
    false
    true
    30s
    Edit
    Delete
  • Q17
    The source document used when supplies are bought on account is a memorandum.
    false
    true
    30s
    Edit
    Delete
  • Q18
    The journal columns used to record receiving cash from sales are Cash Debit and Sales Credit.
    true
    false
    30s
    Edit
    Delete
  • Q19
    To correct an error, simply erase the incorrect item and write the correct item in the same place.,
    true
    false
    30s
    Edit
    Delete
  • Q20
    A transaction recorded in a journal is not considered a permanent record.
    true
    false
    30s
    Edit
    Delete

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