Term
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Definition
| A form for recording transactions in chronological order |
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Term
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Definition
| Recording transactions in a journal |
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| a journal amount column headed with an account title |
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| a journal amount column that is not headed with an account title |
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Definition
| information for each transaction recorded in a journal |
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Definition
| the recording of debit and credit parts of a transaction |
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Definition
| a business paper from which information is obtained for a journal entry |
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Definition
| a business form ordering a bank to pay cash from a bank account |
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Definition
| a form describing the goods or services sold, the quantity, and the price |
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Definition
| an invoice used as a source document for recording a sale on account |
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Definition
| a business form giving written acknowledgment for cash recieved |
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Definition
| a form on which a brief message is written describing a transaction |
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| determining that the amount of cash agrees with the accounting records |
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Term
| information in a journal includes the debit and credit parts of each transaction recorded: true or false? |
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Definition
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| the objective evidence accounting concept requires that there be proof that a transaction did occur: true or false? |
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Definition
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| examples of source documents include checks, sales invoices, memorandums, and letters: true or false? |
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Definition
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| a check is the source document used when items are paid in cash: true or false? |
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Definition
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| the source document for all cash payments is a sales invoice: true or false? |
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Definition
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| a receipt is the source document for cash received from transactions other than sales: true or false? |
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| a calculator tape is the source document for daily sales: true or false? |
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Definition
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Term
| the sourse document used when supplies are bought on account is a memorandum: true or false? |
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Definition
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Term
| the source document used when supplies bought on account are paid for is a check: true or false? |
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Definition
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| the journal columns used to record receiving cash from sales are cash debit and sales credit: true or false? |
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Definition
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| the source document sales invoice is abbreviated as SI in a journal entry: true or false? |
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Definition
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| the journal columns used to record paying cash for rent are general debit and cash credit: true or false? |
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Definition
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Term
| the journal columns used to record paying cash to the owner for personal use are general debit and cash credit: true or false? |
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Definition
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Term
| to prove a journal page, the total debit amounts ate compared with the total credit amounts to be sure they are equal: true or false? |
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Definition
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Term
| double lines across column totals mean that the totals have been verified as correct: true or false? |
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Definition
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| to correct an error in a journal, simply erase the incorrect item and write the correct item in the same place: true or false? |
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Definition
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| dollars and cents signs and decimal points should be used when writing amounts on ruled accounting pages: true or false? |
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