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Accounting Chapter 3

Authored by Anita Barr

Business

9th - 12th Grade

Used 52+ times

Accounting Chapter 3
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31 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A form on which a brief message is written describing a transaction.

Memorandum

Double-Entry Accounting

Entry

Check

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Recording transactions in a journal.

Source Document

Journalizing

Sales Invoice

Receipt

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The recording of debit and credit parts of a transaction.

Receipt

Memorandum

Double-Entry Accounting

Source Documents

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A business form giving written acknowledgement for cash RECEIVED.

General Journal

Memorandum

Sales Invoice

Receipt

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A form for recording transactions in chronological order.

Journal

Check

Receipt

Source Document

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A journal with two amount columns in which all kinds of entries can be recorded.

Sales Invoice

General Journal

Source Document

Entry

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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

Check

Receipt

Invoice

Memorandum

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