Bookkeeping 37

Question 1

1. Each check that is written requires:

Answer 1

a SUPPORTING DOCUMENT

Question 2

2. For checks written for PETTY CASH, the SUPPORTING DOCUMENT would be:

Answer 2

a document in the form of a MEMO, which should be created, approved, signed, and dated.

Question 3

3. Any adjustments made to the checking account must be:

Answer 3

ENTERED into the Checking Register as well as the JOURNALS.

Question 4

4. If a check was recorded in an amount smaller than the FACE AMOUNT, the difference is entered as:

Answer 4

CREDIT to CASH