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Accounting Review for Chapter 3 Flashcards | StudBud
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Accounting Review for Chapter 3
Accounting Review for Chapter 3
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Review of Chapter 3 for upcoming test.
Flashcards
30 cards
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Practice quiz
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Host live
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Questions
30
Answers
1
The source document sales invoice is abbreviated as SI in a journal entry
True
False
2
Who is your favorite Accounting teacher?
Mr. Biscelli
Mr. Biscelli
Mr. Biscelli
All of the above.
3
If an error is recorded in a journal entry,
write the correct item above the canceled error
do not erase the incorrect item.
All of these
cancel the error by drawing a neat line through the error.
4
A single line ruled across the journal's amount columns indicates
None of these
It's the last day of the month
The totals have been verified as correct
A cash sales transaction is to be recorded
5
What famous actress and talk show host has Denis modeled his hair after?
Oprah
Ellen
Mrs. Doubtfire
Tyra Banks
6
Just to clarify...our test will take place on
2017-10-30
Monday, 10/30
Monday, October 30th
10/30/17
7
A business paper from which information is obtained for a journal entry.
Source Document
Entry
Journal
Chart of Accounting
8
When supplies are purchased, how is it recorded in the journal?
General credit / Cash credit
General debit / Cash credit
General credit / Cash debit
General debit / Cash debit
9
Which student is no longer is this class?
Eduardo Lopez
Darrius Dinwoodie
Peter Dawson
Michael Wilson
10
Mr. Gama is known for...
His Jordans (ie Bred 11's or Space Jam Retro 11's
His boyish good looks
His insane skills on the basketball court
His mathematical ability
11
How many times do you need to write the month on each journal page?
Three times
Once
A lady
Twice
12
Recording transactions in a journal is called...
Source Document
Journalizing
Proving Cash
Entry
13
Our test will take place on
Wednesday, November 1st
Monday, October 30th
Can we have it today?
Tuesday, October 31st
14
The recording of debit and credit parts of a transaction is called...
Double Rule
Proving Cash
Double-Entry Accounting
Journalizing
15
A business form giving written acknowledgement for cash received
Memorandum
Sales Invoice
Receipt
Check
16
When cash is paid on account, the amount is recorded in the
general debit column and accounts payable debit column
general debit column and cash credit column
sales credit column and cash debit column
general credit column and cash debit column
17
When cash is paid for insurance...
Balance of prepaid insurance account is increased
Prepaid insurance account is credited
None of these
Prepaid insurance account is decreased
18
A "✔" is used to represent...
Payment on account
An incorrect answer
Receipt of cash as an investment
Receipt of cash for a sale
19
An invoice used as a source document for recording a sale on account
Sales Invoice
Invoice
Memorandum
Receipt
20
A calculator tape is the source document for daily sales?
True
False
21
Occasionally, I am forced to write up a student or two. What reason is "write up" worthy?
Cut class just because
My name is Denis
Cut class to stay in English class
Cut class to see college advisor
22
A form on which a brief message is written to describe a transaction.
Sales Invoice
Receipt
Tape
Memorandum
23
A business form ordering a bank to pay cash from a bank account
a check
a memorandum
an invoice
a receipt
24
How many lines of a journal are used when supplies are bought on account?
2
0
1
3
25
What is this called?
Check
Memorandum
Receipt
Journal
26
Information for each transaction recorded in a journal
Entry
Journalizing
Proving Cash
Double Entry
27
At the end of the first page, before you start the next page, your Account Title is called
Brought Forward
Carried Forward
Dylan McLaughlin
Double Rule
28
A form describing the goods or services sold, the quantity, the price, and the terms of sale is
a receipt
a tape
a check
an invoice
29
When is "double ruling" required?
When single ruling is not enough
When supplies are pruchased
The totals have been verified as correct
When cash is received from a sale
30
These should always be written so that there is no question about their meaning
Account Titles
Memorandums
Receipts
Checks
