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WorksheetsCh6 Accounting - Recording Transactions in a General Journal
Total questions: 16
Worksheet time: 8mins
Name
Class
Date
1.
A fiscal year is an accounting period that always begins on January 1 and ends on December 31
a)
True
b)
False
2.
When recording a business transaction, the amount is always entered first because it is the most important part of the journal entry.
a)
True
b)
False
3.
A source document is a business paper that proves a transaction occurred.
a)
True
b)
False
4.
A journal is sometimes called a "book" of original entry because it is where transactions are first entered in the accounting system.
a)
True
b)
False
5.
A check was written on April 15. It is being recorded today, April 17. The date used for recording the transaction is April 17.
a)
True
b)
False
6.
The analysis of a business transaction into its debit and credit parts is required for both manual and computerized accounting systems.
a)
True
b)
False
7.
The differnt kinds of source documents a business uses depends on the nature of the transaction.
a)
True
b)
False
8.
The differnt kinds of source documents a business uses depends on the nature of the transaction.
a)
True
b)
False
9.
If an error is discovered before posting occurs, simply draw a line through the incorrect item and write the orrect item above it.
a)
True
b)
False
10.
The debit part of a business transaction should be indented one-half inch from the left edge of the paper.
a)
True
b)
False
11.
The accounting cycle is a series of activities a business completes over a period of time.
a)
True
b)
False
12.
Most businesses use an accounting period of:
a)
one month
b)
three months
c)
six months
d)
twelve months
13.
A form listing specific information about a business transaction that involves the buying and selling of goods is a(n):
a)
check
b)
invoice
c)
memorandum
d)
receipt
14.
Which of the following is a calendar year accounting period?
a)
Jan 1-Dec 31
b)
Feb 1-Jan 31
c)
July 1-June 30
d)
April 15-March 31
15.
Which source document is used within the business?
a)
check
b)
invoice
c)
memorandum
d)
receipt
16.
Which of the following is entered with each transaction?
a)
date
b)
debit account name and amount
c)
credit amount name and amount
d)
all of the above
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