Concept: a business's records should never be mixed with an owner's personal records and reports

Concept: The same accounting procedures must be followed in the same way each accounting period

Concept: The actual amount paid for merchandise or other items purchased is recorded, even though the value of the asset may be different

A form for recording transactions in chronological order is called a what?

Information for each transaction recorded in a journal is called...

A business paper from which information is obtained for a journal entry. What is this called?

A form describing the goods or services sold, the quantity, the price, and the terms of sale. This is called a...

A form on which a brief message is written to describe a transaction is called a receipt.

1. A cashbook which records both cash and bank transactions is called a …… cashbook.

3. The discount on the debit side of a triple column cashbook is called………

4. The discount on the credit side of a triple column cashbook is called ……

7. The letter ‘C’ in the folio column of a two or three column cashbook stands for……

10. The column for showing details or description of the type of transaction is the ……..

Is the act of reporting unethical or illegal actions by one’s superiors or peers to authorities or to the media.  They can sometimes be viewed as traitors by their employers and co-workers.

The principles of right or wrong that guide an individual in making decisions

A group of accounts is called a ledger

There are _____ steps for posting the total of the Sales Credit Column