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5 Written questions

5 Matching questions

  1. Accounting system
  2. Account
  3. posting
  4. postdated check
  5. correcting entry
  1. a a planned process for providing financial information that will be useful to management
  2. b a record summarizing all the information pertaining to a single item in the accounting equation
  3. c transferring information from a journal entry to a ledger account
  4. d a check with a future date on it
  5. e a journal entry made to correct an error in the ledger

5 Multiple choice questions

  1. Anything of value that is owned
  2. an endorsement consisting only of the endorser's signature
  3. The difference between total revenue and total expenses when total expenses are greater
  4. a report of deposits, withdrawals, and bank balances sent to a depositor by a bank
  5. An amount recorded on the left side

5 True/False questions

  1. special endorsementAn endorsement indicating a new owner of a check


  2. receiptA business form giving written acknowledgement for cash received.


  3. Liabilityan amount owed by a business


  4. debit cardAn amount recorded on the left side


  5. t accountAn accounting device used to analyze transactions


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