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Directions: Fill in the blanks with the correct accounting term/s. Choose the answern from the box below and write them on a separate sheet of paper. Chronologieal General ledger Compound Entry Subsidiary ledger Cash Receipts Journal Purchase Journal Cash Disbursement Journal Ledger Special Journal Journalizing Special Journal Date Smple entry Communicating Description Column 1. Entering transaction data in the journal is known as 2. An entry that requires three or more accounts is called 3. An entry that only involves one debit and one credit is known as 4. Recording transactions involving receipt or collection of cash is called 5. The journal where all cash payments are recorded is known as 6. The accounting book in which the accounts and their related amounts are recorded in the jourmal is referred to as, 7. The grouping of all accounts used in the preparation of financial statements is called 8. The group of accounts containing the independent data of a specific general ledger is referred to as, 9. Recurring transactions of purchases on account are recorded in 10. Cash Receipts Jourmal, Cash Disbursement Journal, Sales Journal are examples of 11. Accounting is the process of identifying, recording and. 12. Companies initially record transactions and events in 13. There are two types of journals: the general joumal and 14.A brief explanation of the transaction is entered in the, 15. The date of transaction is entered in the order. column.

Directions: Fill in the blanks with the correct accounting term/s. Choose the answern from the box below and write them on a separate sheet of paper. Chronologieal General ledger Compound Entry Subsidiary ledger Cash Receipts Journal Purchase Journal Cash Disbursement Journal Ledger Special Journal Journalizing Special Journal Date Smple entry Communicating Description Column 1. Entering transaction data in the journal is known as 2. An entry that requires three or more accounts is called 3. An entry that only involves one debit and one credit is known as 4. Recording transactions involving receipt or collection of cash is called 5. The journal where all cash payments are recorded is known as 6. The accounting book in which the accounts and their related amounts are recorded in the jourmal is referred to as, 7. The grouping of all accounts used in the preparation of financial statements is called 8. The group of accounts containing the independent data of a specific general ledger is referred to as, 9. Recurring transactions of purchases on account are recorded in 10. Cash Receipts Jourmal, Cash Disbursement Journal, Sales Journal are examples of 11. Accounting is the process of identifying, recording and. 12. Companies initially record transactions and events in 13. There are two types of journals: the general joumal and 14.A brief explanation of the transaction is entered in the, 15. The date of transaction is entered in the order. column.

College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter3: The General Journal And The General Ledger
Section: Chapter Questions
Problem 5DQ: Arrange the following steps in the posting process in correct order: a. Write the ledger account...
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Directions: Fill in the blanks with the correct accounting term/s. Choose the answers from the box below and write them on a separate sheet of paper. General ledger Compound Entry Chronologicnl Subsidiary ledger Cash Receipts Journal Purchase Journal Cash Disbursement Journal Ledger Special Journal Journalizing Simple entry Special Journal Date Communicating Description Column 1. Entering transaction data in the joumal is known as. 2. An entry that requires three or more accounts is called 3. An entry that only involves one debit and one credit is known as 4. Recording transactions involving receipt or collection of cash is called 5. The journal where all cash payments are recorded is known as 6. The accounting book in which the accounts and their related amounts are recorded in the journal is referred to as 7. The grouping of all accounts used in the preparation of financial statements is called 8. The group of accounts containing the independent data of a specific general ledger is referred to as 9. Recurring transactions of purchases on account are recorded in 10. Cash Receipts Journal, Cash Disbursement Journal, Sales Journal are examples of 11. Accounting is the process of identifying, recording and. 12. Companies initially record transactions and events in 13. There are two types of journals: the general journal and 14.A brief explanation of the transaction is entered in the. 15. The date of transaction is entered in the order. column.
Transcribed Image Text:Directions: Fill in the blanks with the correct accounting term/s. Choose the answers from the box below and write them on a separate sheet of paper. General ledger Compound Entry Chronologicnl Subsidiary ledger Cash Receipts Journal Purchase Journal Cash Disbursement Journal Ledger Special Journal Journalizing Simple entry Special Journal Date Communicating Description Column 1. Entering transaction data in the joumal is known as. 2. An entry that requires three or more accounts is called 3. An entry that only involves one debit and one credit is known as 4. Recording transactions involving receipt or collection of cash is called 5. The journal where all cash payments are recorded is known as 6. The accounting book in which the accounts and their related amounts are recorded in the journal is referred to as 7. The grouping of all accounts used in the preparation of financial statements is called 8. The group of accounts containing the independent data of a specific general ledger is referred to as 9. Recurring transactions of purchases on account are recorded in 10. Cash Receipts Journal, Cash Disbursement Journal, Sales Journal are examples of 11. Accounting is the process of identifying, recording and. 12. Companies initially record transactions and events in 13. There are two types of journals: the general journal and 14.A brief explanation of the transaction is entered in the. 15. The date of transaction is entered in the order. column.
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