Account Vocab Chapter 6
Authored by ELLIE HARRIS
Other
9th - 12th Grade
Used 3+ times
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11 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Wat is the accounting cycle?
Activities performed in an accounting period that help the business keep its records in an orderly fashion.
A paper prepared as the evidence that a transaction occurred.
A source document that lists the quantity, description, unit price, and total cost of the items sold and shipped to a buyer.
A source document that serves as a record of cash received.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a source document?
A paper prepared as the evidence that a transaction occurred.
A brief written message that describes a transaction that
takes place within a business.
A paper prepared as the evidence that a transaction occurred.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an invoice?
A brief written message that describes a transaction that
takes place within a business.
A source document that lists the quantity, description, unit
price, and total cost of the items sold and shipped to a buyer.
An accounting period of twelve months.
Accounting period that begins on January 1 and ends on December 31.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a receipt?
A source document that serves as a record of cash received.
The process of recording business transactions
A chronological record of the transactions of a business.
A source document that lists the same information that
appears on a check and shows the balance in the checking account before and after each check is written.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is memorandum?
An accounting period of twelve months.
A brief written message that describes a transaction that
takes place within a business.
Accounting period that begins on January 1 and ends on December 31.
The process of recording business transactions.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a check stub?
A chronological record of the transactions of a business.
The process of recording business transactions.
A paper prepared as the evidence that a transaction occurred.
A source document that lists the same information that
appears on a check and shows the balance in the checking account before and after each check is written.
7.
FILL IN THE BLANK QUESTION
1 min • 1 pt
What is a chronological record of the transactions of a business?
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