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5 Written questions

5 Matching questions

  1. Transaction
  2. Business ethics
  3. dishonored check
  4. Accounting
  5. correcting entry
  1. a the use of ethics in making business decisions
  2. b Planning, recording, analyzing, and interpreting financial information
  3. c a check that a bank refuses to pay
  4. d a business activity that changes assets, liabilities, or owner's equity
  5. e a journal entry made to correct an error in the ledger

5 Multiple choice questions

  1. Recording transactions in a journal
  2. A columnar accounting form used to summarize the general ledger information needed to prepare financial statements
  3. The number assigned to an account
  4. a check with a future date on it
  5. assets taken out of a business for the owner's personal use

5 True/False questions

  1. Service businessa proof of the equality of debits and credits in a general ledger


  2. electronic funds transferThe number assigned to an account


  3. EthicsA business form ordering a bank to pay cash from a bank account


  4. endorsementA signature or stamp on the back of a check transferring ownership


  5. Account balancethe amount in an account


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