Accounting Journalizing Quiz

This is a:

• Check

• Sales Invoice

• Receipt

• Memorandum

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

• TRUE
• FALSE

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

• TRUE
• FALSE

This is a:

• Check

• Sales Invoice

• Receipt

• Memorandum

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

• TRUE
• FALSE

Every business uses the same journal to record transactions.

• TRUE
• FALSE

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

• TRUE
• FALSE

The recording of debit and credit parts of a transaction.

• ACCOUNTING
• ENTRY
• DOUBLE ENTRY ACCOUNTING
• SOURCE DOCUMENT

In double-entry accounting, each transaction affects at least two accounts.

• TRUE
• FALSE

This is an example of:

• Calculator tape

• Memorandum

• Check

• Sales Invoice