WorksheetsAccounting vocab chapters 6 & 7
Total questions: 19
Worksheet time: 10mins
definition of accounting cycle
a proof of the equality of debits and credits in a general ledger
The series of accounting activities included in recording financial information for a fiscal period
Recording transactions in a journal
A 12-month pd, October through Septmeber, for planning the federal budget
Definition of Source Document
a business form giving written acknowledgement for cash received
A source document that lists the same information that appears on a check and shows the balance in the checking account before and after each check is written.
Recording transactions in a journal
A business paper from which information is obtained for a journal entry
definition of Invoice
A form describing the goods or services sold, the quantity, and the price
A form on which a brief message is written describing a transaction
A form for recording transactions in chronological order
A journal with two amount columns in which all kinds of entries can be recorded
Definition of Receipt
A business paper from which information is obtained for a journal entry
The accounting stationery used to record financial information about specific accounts.
a business form giving written acknowledgement for cash received
Adding all debit balances and all credit balances of ledger accounts, and then comparing the two totals to see whether they are equal.
Definition of Memorandum
A form describing the goods or services sold, the quantity, and the price
A form on which a brief message is written describing a transaction
A source document that lists the same information that appears on a check and shows the balance in the checking account before and after each check is written.
The series of accounting activities included in recording financial information for a fiscal period
Definition of Check Stub
A source document that lists the same information that appears on a check and shows the balance in the checking account before and after each check is written.
a business form giving written acknowledgement for cash received
A form describing the goods or services sold, the quantity, and the price
The accounting stationery used to record financial information about specific accounts.
Definition of Journal
a proof of the equality of debits and credits in a general ledger
a twelve month period beginning Jan 1st and concluding on Dec 31st
A form for recording transactions in chronological order
A ledger that contains all accounts needed to prepare financial statements
Definition of Journalizing
transferring information from a journal entry to a ledger account
Recording transactions in a journal
an amount written with the digits in incorrect order
A form on which a brief message is written describing a transaction
Definition of Calendar Year
A journal with two amount columns in which all kinds of entries can be recorded
The series of accounting activities included in recording financial information for a fiscal period
a journal entry made to correct an error in the ledger
a twelve month period beginning Jan 1st and concluding on Dec 31st
Definition of Fiscal Year
A 12-month pd, October through Septmeber, for planning the federal budget
a twelve month period beginning Jan 1st and concluding on Dec 31st
The accounting stationery used to record financial information about specific accounts.
A form describing the goods or services sold, the quantity, and the price
Definition of General Journal
Recording transactions in a journal
Adding all debit balances and all credit balances of ledger accounts, and then comparing the two totals to see whether they are equal.
A journal with two amount columns in which all kinds of entries can be recorded
an amount written with the digits in incorrect order
Definition of General Ledger
A 12-month pd, October through Septmeber, for planning the federal budget
A ledger that contains all accounts needed to prepare financial statements
a proof of the equality of debits and credits in a general ledger
A form on which a brief message is written describing a transaction
The accounting stationery used to record financial information about specific accounts.
check stub
fiscal year
slide error
ledger account forms
transferring information from a journal entry to a ledger account
Posting
correcting entry
Proving the Ledger
General Journal
Adding all debit balances and all credit balances of ledger accounts, and then comparing the two totals to see whether they are equal.
source document
transposition error
Proving the Ledger
calender year
a proof of the equality of debits and credits in a general ledger
ledger account forms
Trial Balance
slide error
Posting
an amount written with the digits in incorrect order
journal
General Journal
proving the ledger
transposition error
occurs when a decimal point is moved by mistake
slide error
trial balence
General Ledger
calender year
a journal entry made to correct an error in the ledger
fiscal year
Posting
correcting entry
transposition error
