Ch. 3 Accounting Terms

11 Questions | Total Attempts: 38

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Ch. 3 Accounting Terms

Definitions


Questions and Answers
  • 1. 
    A form for recording transactions in chronological order.
    • A. 

      Journal

    • B. 

      Check

    • C. 

      Entry

  • 2. 
    Recording transactions in a journal
    • A. 

      Journal

    • B. 

      Journalizing

    • C. 

      Receipt

  • 3. 
    Information for each transaction recorded in a journal
    • A. 

      Entry

    • B. 

      Invoice

    • C. 

      Memorandum

  • 4. 
    A journal with 2 amount columns in which all kinds of entries can be recorded.
    • A. 

      General journal

    • B. 

      Invoice

    • C. 

      Check

  • 5. 
    The recording of debt and credit parts of a transaction
    • A. 

      Source Document

    • B. 

      Check

    • C. 

      Double-Entry Accounting

  • 6. 
    A business paper from which information is obtained for a journal entry
    • A. 

      Source document

    • B. 

      Invoice

    • C. 

      Sales invoice

  • 7. 
    A business form ordering a bank to pay cash from a bank account.
    • A. 

      Source document

    • B. 

      Check

    • C. 

      Receipt

  • 8. 
    A form descibing the goods or services sold, the quantity, and the price
    • A. 

      Invoice

    • B. 

      Recepit

    • C. 

      Memorandum

  • 9. 
    An invoice used as a source document for recording a sale on account
    • A. 

      Sales Invoice

    • B. 

      Check

    • C. 

      Invoice

  • 10. 
    A business form giving written awknowledgement for cash received
    • A. 

      Sales invoice

    • B. 

      Receipt

    • C. 

      Journal

  • 11. 
    A form on which a brief message is written describing a transaction
    • A. 

      Memorandum

    • B. 

      Recepit

    • C. 

      Invoice

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