Chapter 3 Accounting
Quiz by Patty
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29 questions
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- Q1a business form ordering a bank to pay cash from a bank accountcheck30sEditDelete
- Q2the recording of debit and credit parts of a transactiondouble-entry accounting30sEditDelete
- Q3information for each transaction recorded in a journalentry30sEditDelete
- Q4a journal amount column that is not headed with an account titlegeneral amount column30sEditDelete
- Q5a form describing the goods or services sold, the quantity, and the priceinvoice30sEditDelete
- Q6a form for recording transactions in chronological orderjournal30sEditDelete
- Q7recording transactions in a journaljournalizing30sEditDelete
- Q8a form on which a brief message is written describing a transactionmemorandum30sEditDelete
- Q9determining that the amount of cash agrees with the accounting recordsproving cash30sEditDelete
- Q10a business form giving written acknowledgement for cash receivedreceipt30sEditDelete
- Q11an invoice used as a source document for recording a sale on accountsales invoice30sEditDelete
- Q12a business paper from which information is obtained for a journal entrysource document30sEditDelete
- Q13a journal amount column headed with an account titlespecial amount column30sEditDelete
- Q14The source document for all cash payments is a sales invoicetruefalse30sEditDelete
- Q15A receipt is the source document for cash received from transactions other than salesfalsetrue30sEditDelete
- Q16A calculator tape is the source document for daily salesfalsetrue30sEditDelete
- Q17The source document used when supplies are bought on account is a memorandum.falsetrue30sEditDelete
- Q18The journal columns used to record receiving cash from sales are Cash Debit and Sales Credit.truefalse30sEditDelete
- Q19To correct an error, simply erase the incorrect item and write the correct item in the same place.,truefalse30sEditDelete
- Q20A transaction recorded in a journal is not considered a permanent record.truefalse30sEditDelete