Accounting Cycle

A document that provides proof of a transaction is called__________.

• A Book of Original Entry

• Source Document

• Financial Statements

• Accounting

The third stage of the accounting cycle

• Trial Balance

• Double Entry

• Source Document

• Books of Original Entry

The book used to record transactions involving money

• Debit note

• Purchases Day book

• Cashbook

• Returns Inwards Day book

Paid total wages in cash amounting to $10, 500. This will be recorded in which of the following books

• Cash Book

• General Journal

• Purchases Day Book

• Petty Cash Book

Bought goods on credit from S. Sams $400. This will be recorded

• in the Sales Day Book

• Cash Book

• Purchases Day Book

• General Journal

All of the following are examples of Source Documents EXCEPT

• Petty Cash Book

• Cash receipt

• Cheque Counterfoil

• Debit Note

This is the first proof of a transaction involving returns of items

• Withdrawal slip

• Invoice

• Receipt

• Credit Note

This document is used when placing money into the bank account

• Deposit slip

• Withdrawal slip

• Debit note

• Invoice

All of the following are Books of Original Entry EXCEPT

• Purchases Day Book

• General Journal

• Sales Invoice

• Petty Cash Book

Another name for the Income Statement

• Statement of Financial Position

• Trading and Profit and Loss Account

• Balance Sheet

• Trial Balance