Chapter 4 Journalizing and Posting Transaction

Question 1

Almost any document that provides information about a business transaction is called a

Answer 1

Source Document

Question 2

A list of all accounts used by a business is called a

Answer 2

chart of accounts

Question 3

A day-by-day listing of the transactions of a business is called a

Answer 3

journal

Question 4

A journal is referred as a

Answer 4

book of original entry

Question 5

A is so named because it has only two amount columns

Answer 5

Two column general journal

Question 6

Entering the transaction day-by-day is called

Answer 6

journalizing

Question 7

business are more likely to use a version of the account called the

Answer 7

general ledger account

Question 8

A was used to proved that the totals of the debt and credit balances

Answer 8

trial balance

Question 9

The should be used to correct two types of errors

Answer 9

Ruling method

Question 10

A general journal entry that affects more than two accounts

Answer 10

compound entry

Question 11

An entry to correct an incorrect entry that has been journalized and posted to the wrong account

Answer 11

Correcting entry

Question 12

The information in the posting reference columns of the journal and ledger

Answer 12

cross reference

Question 13

copying debits and credits from the journals to the ledger accounts

Answer 13

postings

Question 14

An error that occurs when the debits or credit amounts “slide’

Answer 14

slide error