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5 Written questions

5 Matching questions

  1. Checking account
  2. Account
  3. proving cash
  4. Normal balance
  5. Check
  1. a A bank account from which payments can be ordered by a depositor
  2. b The side of the account that is increased
  3. c Determining that the amount of cash agrees with the accounting records
  4. d a record summarizing all the information pertaining to a single item in the accounting equation
  5. e A business form ordering a bank to pay cash from a bank account

5 Multiple choice questions

  1. a statement that guides the ethical behavior of a company and its employees
  2. assets taken out of a business for the owner's personal use
  3. the account used to summarize the owner's equity in a business
  4. A business form giving written acknowledgement for cash received.
  5. An endorsement restricting further transfer of a check's ownership

5 True/False questions

  1. Accounting equationassets= liabilities + owner's equity


  2. JournalRecording transactions in a journal


  3. Accountingtransferring information from a journal entry to a ledger account


  4. Source DocumentA business paper from which information is obtained for a journal entry


  5. debit carda bank card that automatically deducts the amount of a purchase from the checking account of the cardholder


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