The Objective Evidence accounting concept requires that there be proof that a transaction did occur.
Chapter 3 Accounting Review

Quiz
•
9th - 12th Grade
•
Medium

GINA FRATANTONI
Used 80+ times
FREE Resource
17 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The source document for cash received from transactions other than sales is:
receipt
memorandum
sales invoice
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The title of the debit account in a journal is indented.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Each journal entry requires at least 2 lines.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To correct an error in the journal, you can erase the incorrect item and write the correct item in the same place.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Transactions in a journal are recorded in this order:
chronological
alphabetical
descending order by amount
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The source document for a cash payment is:
check
invoice
memorandum
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