red heads are ed Sharreen

Question 1

A form for recording transactions in chronological order is called a

Answer 1

Journal

Question 2

Recording transactions in a journal is called

Answer 2

Journalizing

Question 3

Information for each transaction recored in journal is called an

Answer 3

entry

Question 4

the recording of debit and credit parts of a transaction is called

Answer 4

double-entry accounting

Question 5

a business paper from which information is obtained for a journal entry is called a

Answer 5

source document

Question 6

a business form ordering a bank to pay cash from a bank account is called a

Answer 6

check

Question 7

a form describing the goods or service sold, the quantity, the price, and the terms of sales is called

Answer 7

invoice

Question 8

an invoice used as a sources document for recording a sale on account is called a

Answer 8

sales invoice

Question 9

a sales invoice is also refered to as a

Answer 9

sales ticket or sales slip

Question 10

a business from giving written acknowledgment cash received is called a

Answer 10

receipt

Question 11

a form on which a brief message is written to describe a transaction is called a

Answer 11

memorandum

Question 12

preparing journal entries

Answer 12

1. book of original entry
2. permanent record
3. record using ink not pencil
4. use “00” to decide even dollar amount