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Accounting 1 Ch.3 Flashcards | StudBud
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Accounting 1 Ch.3
Accounting 1 Ch.3
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Accounting 1 Chapter 3 Multiple Choice Questions
Flashcards
10 cards
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Questions
10
Answers
1
Recording transactions in a journal
Receipt
Journal
Journalizing
Invoice
2
A business paper from which information is obtained for a journal entry
Receipt
Journalizing
Double Entry Accounting
Source Document
3
A form for recording transactions in chronological order
Entry
Journalizing
Receipt
Journal
4
The recording of debit and credit parts of a transaction
Source Document
Double Entry Accounting
Journal
Entry
5
A form describing the goods or services sold, the quality, the price and the terms of sale
Check
Invoice
Receipt
Sales Invoice
6
A form on which a brief message is written to describe a transaction
Receipt
Entry
Journal
Memorandum
7
A business form ordering a bank to pay cash from a bank account
Entry
Check
Invoice
Receipt
8
A business form giving written acknowledgement for cash received
Check
Receipt
Entry
Invoice
9
Information for each transaction recorded in a journal
Receipt
Journal
Entry
Invoice
10
An Invoice used as a source document for recording a sale on account
Receipt
Sales Invoice
Entry
Invoice
