accounting period of a business is seperated into activities called
What is accounting cycle
100
the accounts used by a business can be kept on pages or cards, which are kept together in a book or file called an _____
What is a general ledger
100
is an accounting period of twelve months ending on the last day of any month except December
What is fiscal year
100
To record transactions in chronological order means to record them according to this in the general journal
What is the date
100
This artist wrote hits such as Fire and Rain, You've a friend in me, and carolina in my mind
What is James Taylor
200
Is any type of business paper that verifies a transaction occurred
What is a source document
200
The ledger account form we use has this many column account form
What is four
200
Accounting period that begins on January 1 and ends on December 31
What is calendar year
200
A journal is a.k.a this because it is the only place where complete details of a transaction are recorded
What is diary of a business
200
This musicians wrote hits such as like I love you, drink you away, and Senorita
What is Justin Timberlake
300
record of cash received by a business. (a type of source document)
What is a receipt
300
Opening an account in the ledger requires doing these two things
What is writing the account name and number
300
lists the same information that appears on a check (source document)
What is check stub
300
If an error is discovered immediately after journalizing, this should be placed through the incorrect data and the correct information should be written above it
What is single rule
300
Who sings this song
What is Jason Aldean
400
lists specific information about a business transaction involving the buying or selling of an item on account
What is a invoice
400
How often posting occurs depends on the _______________
What is size of the business, number of transactions, whether posting is done electronically
400
If you were to write $190 as either $19 or $1900, this mistake would be called an _________
What is slide error
400
In the general journal we record this part of the transaction first
What is debit
400
Name the artist who sings this song
What is Lumineers
500
Is a brief written message that describes a transaction that takes place within a business (source document)
What is a memorandum
500
In the general ledger, what do we write in the Post Ref. Column
What is General Journal Page number
500
If you meant to write $27 but wrote $72, this mistake is called a
What is transposition error
500
We do this when recording the credit of an account in the general journal to distinguish it from the debit