Search Header Logo

FAR SUMMARY

Authored by NORMAN SAMERA

Other

10th Grade

Used 8+ times

FAR SUMMARY
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

120 questions

Show all answers

1.

FILL IN THE BLANK QUESTION

1 min • 1 pt

It is a step-by-step process of recording, classification, and summarization of economic transactions of a business.

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

This is where the accountant gathers information from source documents and determines the impact of the transaction on the financial position.

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

This is the process of recording the transactions in the appropriate journals.

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

It is a chronological record of transactions. It is also known as the book of original entry.

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

It is a journal where all transactions could be recorded.

6.

FILL IN THE BLANK QUESTION

1 min • 1 pt

These are journals used in recording large numbers of like transactions.

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

It is a special journal where only sales of merchandise on account are recorded

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?