What is an example of a source document?
Journalizing Transactions

Quiz
•
Life Skills
•
University
•
Medium
Sabrina Crockett-Srinivasa
Used 134+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Check
Invoice
Memorandum
All the above
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The recording of debit and credit parts of a transaction is called:
journal
double-entry accounting
journalizing
preparing journal entries
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is NOT considered the four parts of journal entry?
Credit
Debit
Date
Account Title
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
In what order are transactions recorded in a journal?
Alphabetical
Chronological
By Date
According to the source document
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Why are source documents important?
to verify the accuracy of a specific journal entry.
to make sure no one is stealing.
it is not important, no need for one.
to make sure the wrong items were not ordered.
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which journal columns are used to record paying cash for insurance?
General Credit; Cash Debit
General Debit; Cash Debit
General Debit; Cash Credit
General Credit; Cash Credit
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which journal columns are used to record receiving cash from sales?
General Debit; Cash Credit
Cash Credit; Sales Debit
General Credit; Cash Debit
Cash Debit; Sales Credit
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