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Source doc and GJ

Clarke - source documents, basics of general journals

QuestionAnswer
What evidences business transactions source documents
"Paid cash" transaction is evidenced by... Cheque butt
"Received cash" transactio is evidenced by... Receipt
"Purchased on Credit" transaction is evidenced by... Supplier Tax Invoice
"Authorised Internal Adjustment" is evidenced by... Memo
Summary book of all accounts is... General Ledger
Accounting diary, register or log is called ... Journal
Page # in the general journal is... Folio
Details of the transactions in the General Journal are entered in what column? Particulars
If you sell goods, what GST account is changed? GST Payable
One of the formats of General Ledger accounts T account format
Test performed to see if the general ledger balances and the accounting equation is still in balance Trial Balance
Created by: Solnyshko1
Popular Accounting sets

 

 



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