Chapter 6

Question 0

Purchased advertising on account is an example of what kind of source document

Answer 0

Purchase invoice

Question 1

A cash sale is it an example of what kind of source document

Answer 1

Cash sales slip

Question 2

Bank interest charged is an example of what kind of source document

Answer 2

Bank debit memo

Question 3

Cash payment on Bell telephone bill that arrive today is example of what kind of source document

Answer 3

Check copy

Question 4

Sale on account is an example of what kind of source document

Answer 4

Sales invoice

Question 5

True or false all accounting entries are based on source documents

Answer 5

True

Question 6

True false at least three accounts are affected by Compound journal entry

Answer 6

False at least two accounts are affected by compound journal entry

Question 7

True falseWhen a company issued the sales invoice to a customer this invoice becomes of purchase invoice in the customers books

Answer 7

True

Question 8

True or false the ledger is often called the book of original entry

Answer 8

False

Question 9

True or false for all Bank debit memos received the accounting entry will be a debit to bank

Answer 9

False for all Bank debit memos received the accounting entry will be a debit to bank charges and a debit to bank