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5 Written questions

5 Matching questions

  1. Journal
  2. posting
  3. Proprietorship
  4. Double-entry Accounting
  5. Sale on account
  1. a a business owned by one person
  2. b transferring information from a journal entry to a ledger account
  3. c A form for recording transactions in chronological order
  4. d a sale for which cash will be received at a later date
  5. e The recording of debit and credit parts of a transaction

5 Multiple choice questions

  1. writing an account title and number on the heading of an account
  2. the amount in an account
  3. A business paper from which information is obtained for a journal entry
  4. A business form ordering a bank to pay cash from a bank account
  5. the principles of right and wrong that guide an individual in making decision

5 True/False questions

  1. Trial balancea proof of the equality of debits and credits in a general ledger


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


  3. Financial statementsa report of deposits, withdrawals, and bank balances sent to a depositor by a bank


  4. Account Titlethe name given to an account


  5. ledgerInformation for each transaction recorded in a journal


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