Finance Questions
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The journal columns used to record paying cash for equipment rental our general debit in cash credit
The objective evidence accounting concept requires a therapy proof that the transaction did occur
Double lines across columns totals mean that the totals have been verified as correct
The source document sales invoice is abbreviated as us in the journal entry
To prove a journal page, the total debit amounts are compared with the total credit amount to be sure they are equal
A memorandum is the source document used when items are paid in cash
The journal columns used to record buying supplies on account or general debit in cash credit
A receipt is the source document for cash received from transactions other than sales
A petty cash on hand amount that is more than a recorded amount.
A bank card that automatically deducts the amount of a purchase from the checking account of the cardholder.
An endorsement restricting further transfer of a check's ownership.
A signature or stamp on the back of a check, transferring ownership.
A form showing proof of a petty cash payment.
A computerized cash payments system that transfers funds without the use of checks, currency, or other paper documents.
An endorsement indicating a new owner of a check.
A bank form which lists the checks, currency, and coins an account holder is adding to the bank account.
check that cannot be processed because the maker has made it invalid.
A check dishonored by the bank because of insufficient funds in the account of the maker of the check.
A petty cash on hand amount that is less than a recorded amount.
Transferring info from a journal entry to a ledger account