Test Review Chapter 3

Test Review Chapter 3

15 Qs

quiz-placeholder

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Test Review Chapter 3

Test Review Chapter 3

Assessment

Quiz

others

Medium

Created by

Donna Sadowski

Used 5+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A form for recording transactions in chronological order is called a(n):

journal
account
statement
source document

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Transactions are recorded in a journal in order by date. This is also called:

alphabetical record
chronological record
order of importance
amounts least to greatest

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Information for each transaction recorded in a journal is called an entry.

True
False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business paper from which information is obtained for a journal entry is called a(n):

invoice
receipt
source document
check

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A form describing the goods or services sold, the quantity, and the price is called a(n):

receipt
memorandum
invoice
proof of purchase.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not part of an entry?

debit
source document
signature
date

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Account balances increase on the normal balance side of an account.

True
False

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