Accounting Chapter 5
Authored by Tina Gummo
Specialty, Professional Development
9th - 12th Grade
Used 740+ times
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14 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An outstanding check is one that has been issued but not yet reported on a bank statement.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When petty cash is replenished, Petty Cash is debited and Cash is credited.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Voided checks should be recorded in the journal.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The source document for an electronic funds transfer is a memorandum.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The petty cash fund is a liability with a normal debit balance.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If any kind of error is made in preparing a check,
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When cash is short, the entry to replenish petty cash includes a
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