Chapter 3 Accounting Review

Chapter 3 Accounting Review

9th - 12th Grade

17 Qs

quiz-placeholder

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Chapter 3 Accounting Review

Chapter 3 Accounting Review

Assessment

Quiz

9th - 12th Grade

Medium

Created by

GINA FRATANTONI

Used 80+ times

FREE Resource

17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Objective Evidence accounting concept requires that there be proof that a transaction did occur.

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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