| A type for record transactions in chronological order. | Journal. |
| Recording transactions in a journal. You are watching: A form for recording transactions in chronological order | Journalizing. |
| Information for each transaction videotaped in a journal. | Entry. |
| A journal through two lot columns in which every kinds the entries deserve to be recorded. | General Journal. |
| The record of debit and also credit parts of a transaction. | Double-Entry Accounting. |
| A business document from which details is acquired for a newspaper entry. | Source Document. |
| Abusiness record from bespeak a financial institution to pay cash from a financial institution account. | Check. |
| A type describing the goods or solutions sold, the quantity, and also the price. | Invoice. |
| An invoice ised as a source document for record a revenue on account. | Sales Invoice. |
| A business form giving composed ackowledgement for cash recived. | Receipt. |
| A type on i m sorry a brief message is composed describing a transaction. | Memorandum. |
| Information in a journal consists of the debit and credit parts of each transaction tape-recorded in one place. | True. |
| The objective Evidence audit concept requires that there be proof that a transaction walk occur. | True. |
| Examples of resource documents encompass checks, sales invoices, memorandums, and letters. | False. |
| A check is a sorce file used once items room paid in cash. See more: Which Sentence Uses A Semicolon Correctly ? Which Sentence Use A Semicolon Correctly | True. |
| Check and also sales invoices space prenumbered in succession to assist account because that them. | True. |
| A receipt is the source document for cash received from transactions other than sales. | True. |
| A calculator tape if the source documebt for everyday slaes. | True. |
| The accounts affected when cash is received from the owner together an investment are Cash and also the resources Account. | True. |
| When cash is paid for supplies, the Cash account is credited. | True. |
| When cash is offered to pay because that insurance, the legacy account Prepaid insurance decreases. | False. |
| The source document used once supplies room ordered by telephone ~ above account is a memorandum. | True. |
| The source paper used when supplies to buy on account are paid because that is a check. | True. |
| When cash is obtained from sales, both the Cash account and also the Sales account space increased. | True. |
| The source file Sales Invoice No. 1 is abbreviated together S1 in a journal entry. | True. |
| When solutions are sold on account, an heritage account and a revenue account are affected. | True. |
| The accounts affected when paying cash because that rent space Rent Expense and Cash. | True. |
| When cash is obtained on account, one heritage account increases and another asset account decreases. | True. |
| The accounts influenced when paying cash to the owner for personal used space the illustration account and Cash. | True. |
| If there is just one empty line remaining on a newspaper page, that is standard practice to break-up the netry and record the 2nd lime that the entry on the following page. | False. |
| To correc an error in a journal , simply erase the not correct item and also write the correct item in the exact same place. | False. |
| Dollars and also cens signs and also decimal points should be used when writing quantities on ruled accountancy pages. | False. |