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WorksheetsJournalizing Transactions
Total questions: 10
Worksheet time: 8mins
What is an example of a source document?
Check
Invoice
Memorandum
All the above
The recording of debit and credit parts of a transaction is called:
journal
double-entry accounting
journalizing
preparing journal entries
What is NOT considered the four parts of journal entry?
Credit
Debit
Date
Account Title
In what order are transactions recorded in a journal?
Alphabetical
Chronological
By Date
According to the source document
Why are source documents important?
to verify the accuracy of a specific journal entry.
to make sure no one is stealing.
it is not important, no need for one.
to make sure the wrong items were not ordered.
Which journal columns are used to record paying cash for insurance?
General Credit; Cash Debit
General Debit; Cash Debit
General Debit; Cash Credit
General Credit; Cash Credit
Which journal columns are used to record receiving cash from sales?
General Debit; Cash Credit
Cash Credit; Sales Debit
General Credit; Cash Debit
Cash Debit; Sales Credit
Which is NOT one of the three steps for proving a journal.
Add each of the amount columns.
Subtract the debit column totals from the credit column totals.
Add the debit column totals, and then add the credit column totals.
Verify that the total debits and total credits are equal.
How do you correct an error on the Journal?
White Out
Draw a neat line through the error
Start a New Journal
Use a Black Sharpie and draw through the error
Which journal columns are used to record paying cash for an expense?
Sales Credit; Cash Debit
General Credit; Cash Credit
General Debit; Cash Credit
General Credit; Cash Debit
