Question

part one—identifying accounting terms
directions: select the one term in column i that best fits each definition in
column ii. print the letter identifying your choice in the answers column.

column i\t\t\t\tcolumn ii\t\t\tanswers
a. check\t\t\t1. a form for recording transactions in chronological order. (p. 58)\t1.

b. double - entry accounting\t2. recording transactions in a journal. (p. 58)\t\t2.

c. entry\t\t\t3. information for each transaction recorded in a journal. (p. 59)\t\t3.

d. invoice\t\t\t4. the recording of debit and credit parts of a transaction. (p. 59)\t\t4.

e. journal\t\t\t5. a business paper from which information is obtained for\ta journal entry. (p. 59)\t\t5.

f. journalizing\t\t\t6. a business form ordering a bank to pay cash from a bank
account. (p. 60)\t\t\t6.

g. memorandum\t\t\t7. a form describing the goods or services sold, the quantity,
the price, and the terms of sale. (p. 60)\t\t\t7.

h. receipt\t\t\t8. an invoice used as a source document for recording a sale
on account. (p. 60)\t\t\t8.

i. sales invoice\t\t\t9. a business form giving written acknowledgement for cash
received. (p. 61)\t\t\t9.

j. source document\t\t\t10. a form on which a brief message is written to describe a
transaction. (p. 61)\t\t\t10.

Explanation:

1.

The definition "A form for recording transactions in chronological order" matches the term "journal" (E), as a journal is used to record transactions in the order they occur.

"Recording transactions in a journal" is the process of journalizing (F), so this definition corresponds to F.

"Information for each transaction recorded in a journal" is an entry (C), as each transaction's details in a journal are called an entry.

Answer:

E. journal

2.