rce document for bankcard sales? Cash Register Tape Sales Slip Receipt None of the above 2 points Which one of the following is not a special journal?…

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Which is the source document for bankcard sales?

  1. Cash Register Tape
  2. Sales Slip
  3. Receipt
  4. None of the above

2 points  

Which one of the following is not a special journal?

  1. Purchase journal
  2. Sales journal
  3. General journal
  4. None of the above

2 points  

The accounts receivable controlling account in the general ledger:

  1. shows the total amount owned by all customers when posting is complete.
  2. helps keep the general ledger a balancing ledger in which debits equal credits.
  3. offers a means of testing the accuracy of the customer account balances.
  4. None of the above

In the Purchases Journal, you enter debits to General Ledger accounts for which no special column is provided in the:

  1. accounts payable credit column.
  2. purchases debit column.
  3. debit column.
  4. credit column.

2 points  

Each transaction in the Purchases Journal is:

  1. separately posted to the accounts payable subsidiary ledger.
  2. separately posted to the accounts receivable subsidiary ledger.
  3. posted monthly to the accounts payable subsidiary ledger.
  4. posted monthly to the accounts receivable subsidiary ledger.

2 points  

When entering a purchase in the Purchases Journal,

  1. use the date the invoice was prepared.
  2. use the date the invoice was mailed.
  3. use the date the invoice was received.
  4. use the date the invoice is due.

2 points  

Entries to the General Debit column are posted:

  1. daily.
  2. weekly.
  3. monthly.
  4. quarterly.

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