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True/False 1 True/False 2 Vocabulary Anything Goes 100 100 100 100 200 200 200 200 300 300 300 300 Final 400 400 400 400 500 500 500 500

The source document for all cash payments is a sales invoice What is False? The source document for all cash payments is a sales invoice Row 1, Col 1

A receipt is the source document for cash received from transactions What is True? A receipt is the source document for cash received from transactions other than sales. Row 1, Col 2

A form for recording transactions What is a Journal? A form for recording transactions in chronological order. Row 1, Col 3

across the journal’s amount columns indicates this. What is add or subtotal? A single line ruled across the journal’s amount columns indicates this. Row 1, Col 4

A transaction recorded in a journal is not considered a What is False? A transaction recorded in a journal is not considered a permanent record. Row 2, Col 1

A calculator tape is the source document for daily cash sales. What is True? A calculator tape is the source document for daily cash sales. Row 2, Col 2

column that is not headed with What is General Amount Column? Daily Double A journal amount column that is not headed with an account Title Row 2, Col 3

When Cash is paid for utilities, the amount is recorded in which What is General Debit and Cash Credit? When Cash is paid for utilities, the amount is recorded in which columns of a Journal Row 2, Col 4

The Objective Evidence accounting concept requires that What is True? The Objective Evidence accounting concept requires that there be proof that a transaction did occur. Row 3, Col 1

written on each journal page only What is False? The day of the month is written on each journal page only for the first entry. Row 3, Col 2

message is written describing a transaction. What is a Memorandum or Memo? A form on which a brief message is written describing a transaction. Row 3, Col 3

When services are sold for cash, which columns of a journal What is Cash Debit and Sales Credit? Daily Double When services are sold for cash, which columns of a journal are affected. Row 3, Col 4

Double lines are ruled across a journal’s amount columns to indicate What is True? Double lines are ruled across a journal’s amount columns to indicate that the totals have been verified as correct. Row 4, Col 1

Cash is always proved at What is True? Cash is always proved at the end of the month. Row 4, Col 2

A journal amount column headed with an account title. What is Special Amount Column? A journal amount column headed with an account title. Row 4, Col 3

When cash is received on account, the amounts are recorded What is Cash Debit, General Credit? When cash is received on account, the amounts are recorded in these journal columns Row 4, Col 4

Transactions are recorded in a journal in chronological order What is True? Transactions are recorded in a journal in chronological order Row 5, Col 1

A complete entry consists of the date, the debit amount, What is False? A complete entry consists of the date, the debit amount, and the credit amount Row 5, Col 2

written acknowledgement for What is a Receipt? A business form giving written acknowledgement for cash received. Row 5, Col 3

Information for each transaction What is an Entry? Information for each transaction recorded in a journal is called this. Row 5, Col 4

Cash on hand at beginning is 0, cash debits are $14,425 Cash on hand at beginning is 0, cash debits are $14,425.00, cash credits are $7,455.00, general debits are $3,000; the balance on last unused check stub is $6,970.00 – show proof of cash Final Jeopardy