QUESTION IMAGE
Question
a document that includes a brief message describing a transaction is called a(n):
memorandum
receipt
invoice
journal
question 14
3 pts
choose the answer.
verifying that the cash total is the same as the accounting records is called:
double - line rule
double - entry accounting
proving cash
standard accounting practices
Brief Explanations
- For the first question: A memorandum (memo) is often used in accounting to record a brief message about a transaction. A receipt is for acknowledging payment received. An invoice is a request for payment. A journal is a record of transactions but not specifically a document with a brief message like a memo.
- For the second question: Proving cash means verifying that the cash total matches the accounting records. The double - line rule is for formatting in accounting books. Double - entry accounting is a system of recording transactions. Standard accounting practices is a broad term and not specific to this verification.
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- First question: memorandum
- Second question: proving cash