Accounting Chapter 6 and 7 Review

Accounting Chapter 6 and 7 Review

10th - 12th Grade

39 Qs

quiz-placeholder

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Accounting Chapter 6 and 7 Review

Accounting Chapter 6 and 7 Review

Assessment

Quiz

Life Skills

10th - 12th Grade

Practice Problem

Easy

Created by

Carrie Everett

Used 93+ times

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39 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the source document for recording a cash payment transaction?

Invoice

Receipt

Memo

Check Stub

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the source document to show cash was received by the business?

Invoice

Receipt

Memo

Check Stub

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the business paper that verifies that a transaction as actually occurred called?

Accounting Cycle

Journal

Source Document

Receipt

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the sequence of business activities that are completed throughout a fiscal period?

Journalizing

Accounting Cycle

Source Document

Check Stub

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a chronological record of the business transactions?

Journal

General Journal

Journalizing

Invoice

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the process of recording business transactions in a journal?

Journal

General Journal

Journalizing

Source Document

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a brief written message to describe a transaction occurring inside the business?

Invoice

Receipt

Memo

Check Stub

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