Chapter 3
Chapter 4
Miscel
Chapter 5.3
Chapter 5.4
100
A form describing the goods or services sold, the quantity, and the price ?
What is Invoice
100
A group of accounts is called?
What is Ledger
100
When cash is received on account, what columns are debited and credited?
What is Cash debit column and general credit column
100
Altering or forging a check is ?
What is Illegal
100
An asset account with a normal debit balance ?
What is Petty Cash
200
When cash is received on account, the amount is recorded in the ____ ?
What is Cash Debit column and General Credit column.
200
Writing an account title and number on the heading of an account
What is Opening an Account
200
A petty cash fund is always replenished when ?
What is at the end of the month
200
What does EFT stand for in reference to accounting?
What is electronic funds transfer
200
What is the normal balance of the Petty Cash account?
What is Debit
300
What is the source document for daily sales?
What is Calculator tape?
300
How are separate amounts in special amount columns posted?
What is They are not posted individually
300
A business form ordering a bank to pay cash from a bank account is called _____?
What is Check
300
What is the source document used in the transaction of: Paid cash on account to Kelson Enterprises, $350.00, using EFT.
What is Memorandum
300
How much cash can be in a petty cash box?
What is As much as you want.
400
When services are sold on account, the amount is recorded in the ?
What is General debit column and Sales Credit column
400
Transferring information from a journal entry to a ledger account is called ?
What is Posting
400
Post reference in a journal are a.not necessary b.the first item recorded when posting. c.always placed in an account’s Post. Ref. column. d. none of these.
What is D. None of these
400
What transaction is made with a debit card that is recorded on the check stub as “Other".
What is Cash Payment
400
What is a petty cash account mainly used for?
What is for making small payments
500
When cash is paid for insurance a. prepaid insurance account is decreased. b. prepaid insurance is credited. c. balance of prepaid insurance account is increased. d. none of these.
What is D. None of these
500
True or False? A journal page number is written in the Post. Ref. column of an account to show that posting of the entry is completed ?
What is False A general ledger account number is written in the Post. Ref. column of the Journal to show that posting of the entry is completed.
500
“Paid cash on account to Slippers Supplies” What are the names of the two accounts used for this transaction?
What is Cash account & Accounts Payable: Slippers Supplies
500
Name 4 out of 6 ways of why a bank may dishonor a check.
What is 1. When account of the person who wrote the check has insufficient funds to pay the check 2. The check appears altered 3. The signature of the person who signed the check does not match the signature card at the bank 4. The amounts written in figures and in words do not agree 5. The check is postdated 6. The person who wrote the check has stopped payment on the check
500
what are the steps to properly filling out a petty cash slip ?
What is (1)petty cash slip number, (2) date of petty cash payment, (3) to whom paid, (4) reason for the payment; (5)amount paid; (6) account in which account is to be recorded; and (7) signature of person approving the petty cash payment.
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