5 Written Questions

1. an increase in owner's equity resulting from the operation of a business
2. An amount of cash kept on hand and used for making small payments
3. a business owned by one person
4. an endorsement consisting only of the endorser's signature
5. the amount in an account

5 Matching Questions

1. Business ethics
2. Journal
3. t account
4. Debit
5. Ethics

1. a A form for recording transactions in chronological order
2. b the use of ethics in making business decisions
3. c An amount recorded on the left side
4. d the principles of right and wrong that guide an individual in making decision
5. e An accounting device used to analyze transactions

5 Multiple Choice Questions

1. A business form ordering a bank to pay cash from a bank account
   1. Entry
   2. Debit
   3. Check
   4. credit
2. assets taken out of a business for the owner's personal use
   1. Withdrawals
   2. petty cash
   3. Capital
   4. Entry
3. A bank account from which payments can be ordered by a depositor
   1. Checking account
   2. Sale on account
   3. opening an account
   4. Chart of account
4. A signature or stamp on the back of a check transferring ownership
   1. Adjustments
   2. Work sheet
   3. bank statement
   4. endorsement
5. financial rights to the assets of a business
   1. posting
   2. Capital
   3. receipt
   4. Equities

5 True/False Questions

1. dishonored check → a check with a future date on it

   True        False

2. Accounting records → Planning, recording, analyzing, and interpreting financial information

   True        False

3. Normal balance → a proof of the equality of debits and credits in a general ledger

   True        False

4. correcting entry → a journal entry made to correct an error in the ledger

   True        False

5. sales invoice → form describing the goods or services sold

   True        False