A bank form which lists the checks, currency, and coins an account holder is adding to a bank account:

A signature or stamp on the back of a check transferring ownership:

An endorsement consisting only of the endorser's signature:

An endorsement indicating a new owner of a check:

An account's __________ is always on the increase side of an account.

The _________ is an "official" list of all the accounts used by a business to record its transactions.

The difference between the debit and credit amounts in an account is the account balance.

A decrease in an asset account is recorded as a ________.

The normal balance for the owner's capital account is a _____________.

A decrease to Accounts Payable is a _______.

A _____ is a business paper from which info is obtained for a journal entry

Double-entry accounting assures that _____.

Sold services on account results in:

Anything of value that is owned by a business.

__________ are the prices paid for goods or services used to operate a business.

Income earned from the sale of goods and services is called _____________.

___________ is the amount of money owed to a business' creditors.

Account numbers may be assigned by _______ so that new accounts can be added easily.

If a business only has two asset accounts, Cash and Supplies, the two accounts would be numbered:

A journal page number is written in the Post. Ref. column of an account to show that posting of the entry is completed.

The cash account is the first asset account and is numbered _______.

The procedure for transferring information from a journal entry to a ledger account is

A check which has been paid by the bank.

A check that a bank refuses to pay.

An amount of cash kept on hand and used for making small

payments.

A form showing proof of a petty cash payment.

A petty cash on hand amount that is less than a recorded

amount.

Which account is debited?

Received bank statement showing bank service charge.

A check with a blank endorsement can be cashed by anyone who has possession of the

check.

When cash is received on account, the amount is recorded in the...

When cash is received from sales, the amount is recorded in the...

A business form ordering a bank to pay cash from a bank account.

A business form giving written acknowledgement for cash received

Cash is always proved at the end of a month.

Transactions are recorded in a journal in chronological order.

Recording transactions in a journal

The length of time for which a business summarizes financial information.

A columnar accounting form used to summarize the general ledger information needed to prepare financial statements.

The adjustments section of the work sheet records

The trial balance section of the work sheet records

Which accounts will be affected when recording the use of supplies during the fiscal period?

Which accounts will be affected when recording the use of insurance during the fiscal period?

The use of assets results in a

The accounts that should have final balances recorded in the Income Statement Debit column are

When Income Statement Debits are more than Income Statement Credits there is a(n)

When recording adjusting entries in your journal, you should start a new page.

Increases in a revenue(Sales) account are shown on a T account’s

What is the Accounting Equation?

What is the best definition of LIABILITY?

Michael Delgado owns and operates his company by himself, this is known as a...

True or False: The Accounting Equation must be equal on each side.

The standards and rules accountants must follow when making financial documents is known as the...