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Chapter 3 - Journalizing Transactions

Quiz by John Peters

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18 questions
Show answers
  • Q1
    A form for recording transactions in chronological order

    Check

    Journal

    Entry

    300s
  • Q2
    Recording transactions in a journal
    Journalizing

    Proving

    Memorandum

    300s
  • Q3
    Information for each transaction recorded in a journal

    Memorandum

    Check

    Entry
    300s
  • Q4
    The recording of debit and credit parts of a transaction
    Double-entry accounting

    General Journal

    Invoice

    300s
  • Q5
    A business paper from which information is obtained for a journal entry
    Source Document

    General Amount Column

    General Journal

    300s
  • Q6
    A business form ordering a bank to pay cash from a bank account
    Check

    Receipt

    Entry

    300s
  • Q7
    A form describing the goods or services sold, the quantity, and the price.

    Special Amount Column

    Invoice

    Proving Cash

    300s
  • Q8
    An invoice used as a source document for recording a sale on account

    Entry

    Sales Invoice

    Journal

    300s
  • Q9
    A business form giving written acknowledgement for cash received

    Journal

    Receipt

    Memorandum

    300s
  • Q10
    A form on which a brief message is written describing a transaction
    Memorandum

    Receipt

    Journal

    300s
  • Q11
    A journal amount column headed with an account title

    Journalizing

    Special Amount Column

    General Amount Column

    300s
  • Q12
    A journal amount column that is not headed with an account title
    General Amount Column

    Special Amount Column

    Proving Cash

    300s
  • Q13
    Determining that the amount of cash agrees with the accounting record.

    Sales Invoice

    Proving Cash

    Memorandum

    300s
  • Q14
    ___________  is the tool businesses use to record each material financial transaction. It is kind of like a diary for a business to quickly scan and identify what transpired in a given period of time.
    General Journal

    Entry

    Check

    300s
  • Q15

    In which column would you write the amount credited to Sales

    Question Image

    H

    G

    E

    300s

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