
Accounting - 6. The General Journal
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KG - University
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A fiscal year is an accounting period that begins on January 1 and ends on December 31.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When recording a business transaction, the amount is always entered first because it is the most important part of the journal entry.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A source document is a business paper that proves a transaction occurred.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A journal is sometimes called a "book" of original entry because it is the only place in which the details of the transaction are recorded.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A check was written on April 15. It is being recorded today, April 17. The date used for recording the transaction is April 17.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a calendar year accounting period?
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The analysis of a business transaction into its debit and credit parts is required for both manual and computerized accounting systems.
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