Chapter 5 - General Ledger, Books of Original Entry, Chart of Accounts, and Other Ledgers

Question 1

____ contain the initial entry of an accounting transaction

Answer 1

Books of Original Entry

Question 2

All books of original entry are maintained on the ____ ____ principle of accounting. This means that the total dollar value of all debit entries must equal the total dollar value of all credit entries

Answer 2

Double-entry

Question 3

The following books of original entry are to be used by each local unit:

Answer 3

Cash Receipts Journal
Cash Disbursement Journal
Payroll Journal
General Journal

Question 4

The purpose of the _____ is to provide for the orderly and systematic recording of cash received from any source.

Answer 4

Cash Receipts Journal

Question 5

The purpose of the ____ is to provide for the orderly and systematic recording of cash disbursed for any purpose.

Answer 5

Cash Disbursements Journal

Question 6

The purpose of the ____ is to provide for the orderly and systematic initial record of the payroll

Answer 6

Payroll Journal

Question 7

The purpose of the ____ is to provide for the initial recording of accounting transactions which cannot be recorded in another book of original entry

Answer 7

General Journal