QUESTION IMAGE
Question
choose the answer.
a form used to record transactions in a chronological order is called a(n):
entry
journal
receipt
invoice
question 2
3 pts
choose the answer.
a journal amount column that is headed with an account title is called:
general amount column
source document
special amount column
entry accounting column
Brief Explanations
- For the first question:
- An "entry" is a single record within a journal, not the form itself.
- A "receipt" is a document acknowledging payment.
- An "invoice" is a request for payment.
- A "journal" is specifically designed to record transactions in chronological order.
- For the second question:
- A "general amount column" is not headed with an account title.
- A "source document" is the original document (like a receipt or invoice) that initiates a transaction, not a column in a journal.
- An "entry accounting column" is not a standard term in accounting for this context.
- A "special amount column" in a journal is headed with an account title.
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