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

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Presentation on theme: "CH. 6 SELF CHECK QUIZ ARE YOU PREPARED FOR THE TEST?"— Presentation transcript:

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

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

3 2.) EACH TRANSACTION AFFECTS AT LEAST _____ ACCOUNTS.

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

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

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

7 6.) BUSINESS TRANSACTIONS ARE RECORDED IN ______ ORDER.

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

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

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

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


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