CH. 6 SELF CHECK QUIZ ARE YOU PREPARED FOR THE TEST?

1.) THE FIRST STEP IN THE ACCOUNTING CYCLE IS TO COLLECT AND VERIFY ___________.

2.) EACH TRANSACTION AFFECTS AT LEAST _____ ACCOUNTS.

3.) ACTIVITIES COMPLETED DURING AN ACCOUNTING PERIOD ARE CALLED _____.

4.) EXAMPLES OF SOURCE DOCUMENTS INCLUDE: INVOICES, RECEIPTS, MEMOS, AND _____.

5.) A SOURCE DOCUMENT IS ____ THAT A TRANSACTION HAS OCCURRED.

6.) BUSINESS TRANSACTIONS ARE RECORDED IN ______ ORDER.

7.) A _____ YEAR MAY OR MAY NOT BE THE SAME AS A CALENDAR YEAR.

8.) THE PROCESS OF RECORDING BUSINESS TRANSACTIONS IS CALLED _____.

9.) THE ____ JOURNAL IS AN ALL-PURPOSE JOURNAL USED TO RECORD ALL THE TRANSACTIONS OF A BUSINESS.

10.) ERRORS IN A GENERAL JOURNAL ENTRY ARE CORRECTED BY _____ INCORRECT INFORMATION AND ENTERING CORRECT DATA.