Accounting Chapter 3

Front

When cash is paid on account, the amount is recorded how?

Back

Front

When cash is received from sales, the amount is recorded in the

Back

Front

When services are sold on account, the amount is recorded in the

Back

Front

Recording transactions in a journal.

Back

Journalizing

Front

An invoice used as a source document for recording a sale on account.

Back

sales invoice

Front

A business form ordering a bank to pay cash from a bank account.

Back

Check

Front

A business paper from which information is obtained for a journal entry.

Back

source document

Front

Determining that the amount of cash agrees with the accounting records.

Back

Proving cash

Front

Are transactions recorded in a journal in chronological order?

Back

True

Front

Every business uses the same journal to record transactions.

Back

False