| A | B |
|---|
| Preparing source documents for each transaction is an example of which accounting concept? | objective evidence |
| A journal entry includes | debit and credits recorded in one place |
| On each journal page, the year is written | only for the first entry |
| On each journal page, the month is written | only for the first entry |
| The entry to record receipt of cash from the owner as an investment is | debit Cash, credit Capital |
| When cash is paid for insurance, the | balance of prepaid insurance account is increased |
| If an error is recorded in a journal entry, what should never be done | erase the error and start over |
| When services are sold on account, the amount is recorded in the | General Debit column and Sales Credit column |
| When cash is paid for utilities, the amount is recorded in the | Cash Credit column and the General Debit column |
| When cash is received on account, the amount is recorded in the | Cash Debit column and General Credit column |
| A business form giving written acknowledgement for cash received | receipt |
| A form on which a brief message is written describing the transaction | memorandum |
| Information for each transaction recorded in a journal | entry |
| Recording transaction in a journal | journalizing |
| A business paper from which information is obtained for a journal entry | source document |
| The recording of debit and credit parts of a transaction | double-entry accounting |
| A journal amount column that is not headed with an account title | general amount column |
| A form describing the goods or services sold, the quantity, and the price | invoice |
| A form for recording transaction in chronological order | journal |
| Determining the amount of cash agrees with the accounting records | proving cash |
| A business form ordering a bank to pay cash from a bank account | check |
| A source document used for recording a sale on account | sales invoice |
| A journal amount column headed with an account title | special amount columns |
| Which source document is used when you are receiving cash? | receipt |
| Transaction are listed in a journal in which order? | chronological |
| True or False: The month is written for every transaction | false |
| When is cash proved? | at the end of the month |
| Double lines are ruled across a journal's amount columns to indicate | that totals have been verified correct |
| True or False: A complete journal entry consists of the date, the debit amount, and the credit amount | false |
