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Chapter 6 Flashcards | StudBud
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Chapter 6
What is Check Stub?
what step is " Name the account debit"
Chapter 6
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StudBud Administration
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#Accounting
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Questions
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Answers
1
what step is " Name the account debit"
Step 3
Step 6
Step 4
Step 2
2
What is Check Stub?
Describes cash received by a business
prepares finical statements
Describes a specific checks and shows the checking balance
Journalists and posts closing entries
3
An accounting period of 12 months is called a ?
Fiscal Year
Calendar year
Accounting Cycle
Source document
4
What is the second step of the accounting cycle
Collect and verify source document
prepare a worksheet
Analyze each transaction
Post to the ledger
5
What is Journalizing
Process of recording business transactions in a journal
a source document
a record of transitions in a business
Accounting period of a business
6
when a business transaction occurs , a document is prepared for evidence is called a
Memorandum
Account cycle
Invoice
Source document
7
What would be "$299.00" in a source document
date of invoice
Payment terms
the price for the item sold
Invoice Number
8
whats the 1st step to to recording a transaction
Amount of the debit
Name the amount debited
Amount of the credit
Date of the transaction
9
What step is "Amount of the credit"
step 6
step 4
step 1
step 5
10
Source document are evidence of ...?
Purchase
Jounral
ledger
Business transactions
11
Third step to the accounting cycle
Analyze each transaction
collect and verify source documents
Journalize each transaction
post to the ledger
12
What step is " Source document reference"
Step 2
Step 6
Step 5
Step 4
13
What is an invoice
Describes the buying or selling of an item on account
A journal in which all transactions may be recorded
Accounting period
describes cash received by a business
14
what is the term for describes cash received by a business ?
Invoice
Receipt
Check stub
Journal
15
How many of the accounting cycle steps have we learned ?
3
6
8
5
16
What would be "payable in 30 days" in a sources document
date of invoice number
payment terms
Item sold
Invoice Number
17
What is a Journal
A record of the transactions of a business
Business account
describes cash received by a business
The accounting period
18
what is receipt ?
Describes cash received by a business
Accounting period
prepares a worksheet
Describes a transaction that takes place within a business
19
What would" Apr.9,2017 " be in a source document
Name of company provide the service or merchandise
item sold
Date of Invoice
price for item sold
