WorksheetsJournal Review
Total questions: 10
Worksheet time: 5mins
Name
Class
Date
1.
A form for recording transactions in chronological order is called a ledger.
a)
True
b)
False
2.
A journal entry consists of the date, debit, credit, and source document.
a)
True
b)
False
3.
Memorandum is another term for sales invoice.
a)
True
b)
False
4.
When cash is paid for insurance, Prepaid Insurance is debited while Cash is credited.
a)
True
b)
False
5.
Buying supplies on account and paying cash on account affect the same two accounts.
a)
True
b)
False
6.
If no account titles need to be written for a transaction, a check mark should be placed in the Account Title column.
a)
True
b)
False
7.
The source document Sale Invoice No. 1 is abbreviated S1 in the Doc.No. column.
a)
True
b)
False
8.
Paying cash to the owner for personal use debits both Drawing and Cash.
a)
True
b)
False
9.
Proving a journal page verifies that the total debits on the page equal the total credits.
a)
True
b)
False
10.
Double lines are ruled across all amount columns to indicate that the columns are to be added.
a)
True
b)
False
100 %
