The source document for all cash payments.

1
The source document for all cash payments.

• CHECK

2
The source document for cash received from
transactions other than sales.

• RECEIPT

3
The source document for daily sales.

• CALCULATOR TAPE

4
Receiving cash from sales ______ both cash and
sales.

• INCREASES

5
How do you correct an error in a journal?

• DRAW A LINE THROUGH THE ERROR AND MAKE CORRECTION
  ON TOP

6
A transaction recorded in a journal is considered
a ______ record.

• PERMANENT

7
Transactions are recorded in a journal in
_________ order.

• CHRONOLOGICAL

8
A complete entry consists of the ____, the
_____the ____ _____, the _____ amount, and the
_____ amount.

• DATE
• ACCOUNT TITLE
• SOURCE DOCUMENT
• DEBIT
• CREDIT

9
The ____ of the month is written on each journal
page for every entry.

• DAY

10
A general journal page is complete when there is
insufficient space to record any more _____.

• ENTRIES

11
Each general journal entry requires at least ___
lines.

• TWO

12
The ______ Evidence accounting concept requires
proof that a transaction did occur.

• OBJECTIVE

13
Businesses usually journalize transactions ______.

• DAILY

14
Errors in general journal entries should be ____
as soon as they are discovered.

• CORRECTED
• (Remember, no erasing)

15
DEFINITIONA form on which a brief message is
written describing a transaction.

• MEMORANDUM

16
DEFINITIONRecording transactions in a journal.

• JOURNALIZING

17
DefinitionThe recording of debit and credit
parts of a transaction.

• DOUBLE-ENTRY ACCOUNTING

18
DEFINITIONA form for recording transactions in
chronological order.

• JOURNAL

19
DEFINITIONA business form giving written
acknowledgment for cash received.

• RECEIPT

20
DEFINITIONThe _____ journal with two amount
columns in which all kinds of entries can be
recorded.

• GENERAL JOURNAL

21
DEFINITIONA form describing the goods or
services sold, the quantity, and the price.

• INVOICE

22
DEFINITIONInformation for each transaction
recorded in a journal.

• ENTRY

23
DEFINITIONA business paper from which
information is obtained for a journal entry.

• SOURCE DOCUMENT

24
DEFINITIONA business form ordering a bank to
pay cash from a bank account.

• CHECK

25
DEFINITIONAn invoice used as a source document
for recording a sale on account.

• SALES INVOICE

26
You will also have to journalize 20 transactions
in a general journal.