Each entry in the journal effects ___________ or more accounts
What is (2)
100
The simpliest form of journal is the
What is the 2 column journal
100
The more you take the more you leave behind.
What is/are footsteps
200
a day-by-day listing of the transactions of a business
What is Journal
200
copying the debits & credits from the journal to the ledger accounts
What is Posting
200
The chart of accounts lists the accounts in this Order
What is Numerical
200
If the owner of a company invested cash in a business, the transaction would include (explain what acct would debit and which would credit)
What is debiting Cash and crediting Capital
200
Why is 6 afraid of 7?
What is because 7 ate (8) 9...LOL
300
any document that provides information about a business transaction
What is Source Document
300
an account with columns for the debit or credit running balance
What is General Ledger Accounts
300
True or False: All tranasctions must be posted before preparing a trial balance.
What is TRUE
300
Journal entries requiring more than one debit and/or one credit are called ____________________.
What are compound entries
300
Its a one story house so there are no stairs...LOL..HEHE
tHERE'S A ONE STORY HOUSE THAT'S ALL BLUE INSIDE. The floor was blue, the lamps were blue, the walls were blue, everything was blu. So what color were the interior stairs
400
a complete set of all the accounts used by a business. It accumulates a complete record of the debits and credits made to each account as a result of entries made in the journal
What is General Ledger
400
a journal with only two amount columns, one for debit amounts and one for credit amounts
What is Two-column General Journal
400
The month in the Journal is recorded __________
What is "as the first entry/line of each journal page".
400
For EVERY transaction, the __________ must be entered
What is Day it took place..
400
A girl who was just learning how to drive went down a one-way street the wrong way but DID NOT BREAK THE LAW...How Come?
What is "because she was walking".
500
A system in which each transaction has a dual effect on the accounting elements.
What is Double Entry Accounting
500
Assets = Liabilities + Owners Equity
What is the Accounting Equation
500
If cash is paid for office rent, the transaction includes (which accounts
What is debiting Rent Expense acct., and crediting Cash account.
500
Which series of numbers does the Owner's Equity Accounts start with