ACCOUNTING FINAL STUDY GUIDE

A business form giving written acknowledgment for cash received. 

• receipt
• sales invoice
• check
• memorandum

Recording transactions in a journal

• journalizing
• double-entry accounting
• proving cash
• source document

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

• invoice
• memo
• check
• journal

Determining the amount of cash agrees with the accounting record

• proving cash
• double-ruling
• invoice
• double-entry accounting

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

• check
• memo
• invoice
• receipt

Double lines are ruled across a journal's amount columns to indicate that the totals have been verified as correct.

• True
• False

On each journal page, the year is written

• for each entry
• one the first line of each column
• only for the first entry
• none of these

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

• debit Capital, credit Cash
• debit Cash, credit Capital
• debit Cash, credit Accounts Payable
• none of these

The first digit in the account number 520 means that the account is in the

• a. expense division of the general ledger.
• b. revenue division of the general ledger.
• c. liability division of the general ledger.
• d. asset division of the general ledger.

The procedure for transferring information from a journal entry to a ledger account is

• a. posting.
• b. journalizing.
• c. file maintenance.
• d. none of these.