1. Recording the debit parts and credits parts of a business transaction is called?
Posting
Taking a trial balance
Journalizing
Assets and Revenue
2. All business transactions should be recorded first in the?
Ledger
Chart of Accounts
Journal
Credit column
3. The kind of journals described in this lesson are?
Combination
Four Column
Specialized
General Journals
4. A purchases journal is used for?
Recording merchandise purchased on account
Recording merchandise purchasd for cash
Purchases of all items
None of the above
5. Cash sales are recorded in the _________journal?
Sales journal
Cash receipts journal
Cash payments journal
Purchases journal
6. Charge sales are recorded in the ____________ journal?
Cash receipts journal
Sales journal
Purchases journal
None of the above
7. The cash payments journal is set up so that the user?
Enters the credit to cash then keys in the account number to be debited
Enters both debit and credit amounts
Enters only the debit amount
None of the above
8. For a journal to be in balance?
The number of debits should equal the number of credits
Debit totals should equal credit totals
Debit totals should exceed credit totals
Credit totals should exceed debit totals
9. If you paid the rent, your cash payments journal should show?
A debit to cash and a credit to rent expense
A debit cash and debit accounts receivable
A credit to cash and a debit to rent expense
A debit to utilities expense credit cash
10. The money received from the business contract, should be recorded in which journal?
Cash receipts
Sales
Cash payments
General journal
11. Money received on account from a previous sale, should be recorded in which journal?
Cash payments
Cash receipts
General journal
Sales journal
12. Charge sales should be recorded in which journal?
Sales journal
Cash receipts journal
Purchases journal
Cash payments journal
13. When buying merchandise on account, which journal should you use?
Purchases journal
Cash payments journal
Cash receipts journal
General journal
14. The business loan should be recorded in which journal?
General journal
Cash payments
Sales journal
Purchases journal
15. The employers' payroll taxes should be recorded in which journal?
Cash payments journal
Cash receipts journal
General journal
Purchases journal
Chapter 9 Accounting Test