Accounting equation - 9 Flashcards
1
Q
What should you underline in the analysis of receipts column?
A
Final daily entry
2
Q
Where should you put the name of the person you received/payed money?
A
Details/name of payee columns
3
Q
Where should you put the name of the general ledger?
A
Sundry account details column
4
Q
Where should you enter the amount and details of what the money was for?
A
Bank column and corresponding column
5
Q
What is the rule of accounting?
A
For every debit, there is a credit
6
Q
What is the debit entry in general ledger from the CRJ called?
A
Total Receipts
7
Q
What is the credit entry in general ledger from the CPJ called?
A
Total Payments
