Fund of Accounting Chapter 3 Concepts

7 terms by Merisa 

Create a new folder

Advertisement Upgrade to remove ads

Multiple choice, true false and fill in the blank questions concerned with concepts in chapter 3 of our fundamentals of accounting book.

Date

Transactions in a journal are recorded in order by _____.

Checks, sales invoices, receipts, memorandums, and calculator tapes.

State the 5 main source documents listed in the book.

Date, debit, credit and source document.

State the four parts of a journal entry.

Add each of the amount columns, add the debit column totals and then add the credit column totals, verify the total debits and total credits are equal.

List the 3 steps to proving a journal page.

False

True or False: if the total debits do not equal the total credits you can complete your work and try to discover your error at the end of the year.

Calculate the cash balance and verify that the cash balance equals the checkbook balance on the next unused check stub in the checkbook.

List the 2 steps to proving cash.

B, E, C, A, D

Put the following list in order for ruling a journal page. A. Write each column total below the single line. B. Rule a single line across all amount columns directly below the last entry to indicate that columns are to be totaled. C. Write carried forward in the account title column, place a check mark in the post. D. Ref. column. Rule double lines below the column totals across all amount columns. E. On the next line, write the date, 20--, in the date column.

Please allow access to your computer’s microphone to use Voice Recording.

Having trouble? Click here for help.

We can’t access your microphone!

Click the icon above to update your browser permissions above and try again

Example:

Reload the page to try again!

Reload

Press Cmd-0 to reset your zoom

Press Ctrl-0 to reset your zoom

It looks like your browser might be zoomed in or out. Your browser needs to be zoomed to a normal size to record audio.

Please upgrade Flash or install Chrome
to use Voice Recording.

For more help, see our troubleshooting page.

Your microphone is muted

For help fixing this issue, see this FAQ.

Star this term

You can study starred terms together

NEW! Voice Recording

Create Set