CH 3 Test Review (General Ledger 11ed)

A form for recording transactions in chronological order

a form describing the goods or services sold, the quantity, the price, and the terms of sale

a source document printed from an electronic calculator to total the amount of cash received from sales

A complete journal entry consists of the date, the debit amount, the credit amount, & a source document.

Each journal entry requires at least two lines.

recording transactions in a journal is called

information for each transaction recorded in a journal is called a(an)

Every business uses the same journal to record transactions.

The Objective Evidence accounting concept requires that there be proof that a transaction did occur.

An invoice used as a source document for recording a sale on account

Transactions are recorded in a journal in chronological order.

To correct an error in a journal, one can simply erase the incorrect item and write the correct item.

A transaction recorded in a journal is not considered a permanent record.

A business form giving written acknowledgment for cash received

When an entry is an even dollar amount, either “00” or “--” can be entered in the cents column.

a form on which a brief message is swritten to describe a transaction

The day of the month is written only once on a journal page.

A general journal page is complete when there is insufficient space to record any more entries.

A receipt is the source document for cash received from transactions other than sales.

A calculator tape is the source document for daily cash sales.

The source document for all cash payments is a check.

The source document for all cash payments is a check.

The title of the account debited in a journal is indented.

In double-entry accounting, each transaction affects at least two accounts.

The recording of debit and credit parts of a transaction is called

a business paper form which information is obtained for a journal entry is called a(an)

a business form ordering a bank to pay cash from a bank account