Journals and and Source Documents
Preparing a chart of accounts
Proving cash and making correcting entries
Endorsements
Adjusting Entries on a Worksheet
100
a form for recording transactions in chronological order.
What is a journal?
100
Ledger
What is a group of accounts called?
100
Proving cash
What is determining that the amount of cash agrees with the balance of the cash account in the accounting records called?
100
a signature or stamp on the back of a check transferring ownership.
What is an endorsement?
100
Changes recorded on a work sheet to update general ledger accounts at the end of a fiscal period.
What is an adjustment?
200
Information for each transaction recorded in a journal
What is an entry?
200
Account Number
What is the number assigned to an account
200
Correcting entry
What is a journal entry made to correct an error in the ledger called?
200
an endorsememnt consisting of only the endorsers signature.
What is a Blank endorsement?
200
Write the debit amount.
What is the first step of recording the supplies adjustment on a work sheet?
300
a business paper from which information is obtained from a journal entry
What is a source document?
300
File Maintenance
What is keeping records current called
300
Yes.
Can cash be proved at any time?
300
an endorsement indicating a new owner of a check.
What is a special endorsement?
300
Write the credit amount.
What is the second step of recording the supplies adjustment on a worksheet?
400
Sales Invoice
What source document is used for recording a sale on account?
400
Opening an account
What is writing an account title and number on the heading of an account is called?
400
Write the date.
What is the first step for journalizing a correcting entry?
400
an endorsement restricting further transfer of a checks ownership.
What is a restrictive endorsement?
400
Rule a single line across the two adjustments columns on the same line as the single line for the trial balnce columns.
What is the first step for proving the adjustments columns of a worksheet?
500
Calculator tape
What is a source document used to total up the amount of cash recieed that day?
500
General ledger
What is a ledger that contains all the accounts needed to prepare a financial staments cakked
500
Write the title of the account title
What is the third step to journalizing a correcting entry?
500
As soon as the persons name appears on the front of the check.
When should an endorsement be signed?
500
rule double lines across both adjustments columns.
What is the third step for proving the adjustments columns of a worksheet?
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