Friday, November 30, 2012

Source Document

What is a form on which a brief message is written describing a transaction?

4 Part of Journal

Name all 4 parts of a journal entry.

5 Amount Columns

Name the 5 amount columns used on a journal.

Cash on Account

Which 2 journal columns are used to record receiving cash on account?

Journal - No Heading

A journal amount column that is not headed with an account title is what?

Thursday, November 1, 2012

Normal Balance

  1. Define normal balance side.
  2. What is the normal balance side of an expense account?
  3. What is the normal balance side of a drawing account?