Dear Diary
Evidence
PSSST
GRRR...ST
Analysis
100
The term is used to describe the book in which the accounting entries for all transactions are first recorded.
What is the journal?
100
The business papers that show proof of transactions are called these.
What are source documents?
100
PST stands for this.
What is Provincial Sales Tax?
100
GST stands for this.
What is Goods and Services Tax?
100
This term is used to show financial data over a number of consecutive periods.
What is trend analysis?
200
After the transactions are posted in the "Diary", they then get forwarded to this (where all those t charts are!).
What is the general ledger?
200
This type of document show the details of a transaction in which goods or services are sold to a customer for cash.
What is a cash sales slip?
200
The current general PST rate in BC in this.
What is 7%
200
An individual or company who makes at least this much money a year must register to pay GST.
What is $30,000?
200
This is Ms. McLeod's married name.
What is Lightman?
300
The simplest style, and the one that we learned, for the "diary" has this many columns.
What is 2! (The two-column general journal)
300
This document shows the details of a transaction where goods and services are sold on account.
What is a sales invoice?
300
Between the purchaser and the seller, this party does all of the accounting for PST.
What is the seller?
300
These two parties both have to account for GST in their accounting.
What is the seller and the purchaser?
300
Data is transferred to these types of figures to easily compare numbers.
What are percentages.
400
For every diary entry, there must be at least one _____entry and one ______ entry. This keeps with the double entry system of accounting.
What is debit and credit?
400
This document shows the information of a transaction where goods or services are purchased on account.
What is a purchase invoice?
400
This term is used to describe the process of collecting tax and then 'giving' it to the government.
What is remitting the tax?
400
The seller can claim a refund in this situation.
What is - if the seller pays more GST (on purchases) than collects on sales.
400
This visual organizers help us understand data.
What are graphs?
500
The account with this type of entry should always be listed first for the transaction!
What is a debit entry?
500
This document supports the accounting entry for payment made by cheque.
What is a cheque copy?
500
This PST is this type of account. (hint: not an asset account)
What is a liability account?
500
The GST must be remitted this often (3 options).
What is monthly, quarterly or annually?
500
This is the month of Ms. McLeod's birthday.
What is October?
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