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5 Written Questions

5 Matching Questions

  1. Source Document
  2. restrictive endorsement
  3. petty cash slip
  4. Capital
  5. Accounting records
  1. a the account used to summarize the owner's equity in a business
  2. b organized summaries of a business's financial activities
  3. c An endorsement restricting further transfer of a check's ownership
  4. d A business paper from which information is obtained for a journal entry
  5. e a form showing proof of a petty cash payment

5 Multiple Choice Questions

  1. a proof of the equality of debits and credits in a general ledger
  2. A business form ordering a bank to pay cash from a bank account
  3. A form on which a brief message is written describing a transaction
  4. assets taken out of a business for the owner's personal use
  5. the principles of right and wrong that guide an individual in making decision

5 True/False Questions

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


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


  3. Accountinga record summarizing all the information pertaining to a single item in the accounting equation


  4. Expensea decrease in owner's equity resulting from the operation of a business


  5. Work sheetA columnar accounting form used to summarize the general ledger information needed to prepare financial statements


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