Accounting Chapter 3 jules

The year and the month are written only once on a journal page.

The source document used when supplies are bought on account is a memorandum.

The journal columns used to record receiving cash from sales are cash debit and sales credit.

The source document for cash payment transactions is a receipt

When cash is paid for supplies,

A form describing the goods or services sold, the quantity, and the price

A single line ruled across the journal’s amount columns indicates

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

Examples of source documents include checks, sales invoices, memorandums, and letters.

Double entry accounting is recording debit and credit parts of a transaction

Journal columns used- paying cash to owner for personal use: general debit & cash credit

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

A journal page is proved by verifying that the total debits equal the total credits.

The entry to record receipt of cash from the owner as an investment is

A journal entry includes

When services are sold on account, the amount is recorded in the

When cash is paid on account, the amount is recorded in the

When cash is paid on account, the amount is recorded in the

Information for each transaction recorded in a journal is an entry.

If an error is recorded in a journal entry,

A calculator tape is not used as the source document for cash sales transactions.

Determining that the amount of cash agrees with the accounting records is

The recording of debit and credit parts of a transaction is

On each journal page, the date is written

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

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

A journal amount column that is not headed with an account title is a general amount column.

A journal amount column headed with an account title is a special amount column.

A business form giving written acknowledgement for cash received is a receipt.

When cash is received on account, the amount is recorded in the

When cash is paid for insurance

Source document for all cash payments is a check

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

End of month: if the amount of cash is the same as the balance shown on the next check stub

The entry to record payment of cash to the owner as a withdrawal of equity is

Before a transaction is recorded in a journal, it is analyzed into its debit and credit parts.

The account debited when cash is paid for supplies is

When an amount to be recorded in even dollars, there is no need to record in the cents column.

When cash is paid on account, the amount is recorded in the

A check is a business form ordering a bank to pay cash from a bank account.

Preparing source documents for each transaction is an application of the accounting concept

Double lines are ruled across amount columns to indicate totals have been verified as correct.

When cash is received from sales, the amount is recorded in the

When cash is received on account, the amount is recorded in the

When cash is paid for utilities, the amount is recorded in the

A memorandum is a business form giving written acknowledgement for cash received.

A single lines ruled across the journal's amount columns indicates

The source document sales invoice is abbreviated as SI in a journal entry.

Calculator tape is the source document for daily cash sales.

A business paper from which information is obtained for a journal entry

One each journal page, the month is written

Objective Evidence Accounting requires proof that a transaction occurred.

When cash is paid for rent, the amount is recorded in the

Brief message written to describe a transaction

Cash is always proved at the end of the month.

A complete entry consists of the date, the debit amount, and the credit amount.

The journal columns used to record paying cash for rent are general debit and cash credit.

Dollars & cents signs & decimal points should be used when writing amounts accounting pages.

At the end of a month, even if the journal page is not filled,

On each journal page, the year is written

Determining that the amount of cash agrees with accounting records

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

Recording transactions in a journal is called journalizing.

When supplies are bought on account, the account is debited is