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Accounting Journalizing Quiz

Authored by Sara Simpson

Business

9th - 12th Grade

Used 8+ times

Accounting Journalizing Quiz
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27 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

This is a:

Check

Sales Invoice

Receipt

Memorandum

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The accounting concept Unit of Measurement is being applied when a source document is prepared for each transaction.

TRUE
FALSE

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A general journal page is complete when there is insufficient space to record any more entries.

TRUE
FALSE

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

This is a:

Check

Sales Invoice

Receipt

Memorandum

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

To correct an error in a journal, one can simply erase the incorrect item and write the correct item.

TRUE
FALSE

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Every business uses the same journal to record transactions.

TRUE
FALSE

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A transaction recorded in a journal is not considered a permanent record.

TRUE
FALSE

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