Show:
Do You Get the Concept?
So you think you can post?
Name That Account
Do You Remember Your Vocab?
Name your Source!
100
4
How many concepts did we learn?
100
Cash and Sales
Name both accounts that are posted at the end of the month?
100
Cash and Utilies Expense
When paying for electricity what two accounts are you using?
100
Entry
What is the information for each transaction recorded in a journal?
100
A check....duhh
What source is used when paying for something with a check?
200
Source Documents
Give an example of objective evidence
200
Petty Cash
What account is only used when it is opened?
200
Sold services on account
What transaction uses acccouts recievable?
200
Electronic Funds Transfers
What does EFT stand for?
200
A receipt
What source is used for cash other then sales?
300
Realization of Revenue
Which concept states that when a person makes a sale, they can immediately place it on their books?
300
Copying
Posting is a fancy word for....
300
Cash credit and General debit
What accounts can be used for an electric funds transfer?
300
Debit card
What is a bank card that automatically deducts the amount of the purchase for the checking acount of the card holder?
300
Sales invoices
What source is used when selling services on account?
400
US dollar
What unit of measurement is used in the United States?
400
False
All accounts are posted individually. T/F
400
Cash
What account is almost used for every transaction?
400
Proving Cash
What is determining that the amount of cash agrees with the accounting records?
400
Calculator Tape
What source document is used for sales?
500
Business entity
The concept of seperation of personal financial records from business financial records?
500
Acoount Number
What is located in the upper right hand corner of a general ledger?
500
Credit
What has to be there if there is a debit?
500
Journal
What is a permanent record in ink, debit and credit parts, in chronological order?
500
Memorandum
Document used when something is bought on credit