chap 8

Question 1

are used for recording transactions.

Answer 1

Accounting books

Question 2

is known as the book of original entry. It is organized by date of transactions

Answer 2

Journal

Question 3

called the book of accounts, is organized based on accounts.

Answer 3

genera ledger

Question 4

is the format used to write in the journal components of the journal entry are date of
transaction, debit side, good side and brief explanation of the transaction.

Answer 4

Journal entries

Question 5

for recording credit sales

Answer 5

Sales Journal

Question 6

for recording credit purchases of inventory made an account

Answer 6

Purchase Journal

Question 7

recording all cash receipts

Answer 7

Cash receipt journal

Question 8

recording all cash payments

Answer 8

Cash disburstment journal

Question 9

is used to record transactions that are beyond the scope of the special journals.

Answer 9

General Journal

Question 10

are used for accounts that require balances

Answer 10

Subsidiary ledgers