what is the name of the source documents 1. invoice received by the business. 2. invoice issued by the business.
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- An accounting clerk would take first which of the following steps? A. Post individual amounts to the subsidiary ledgers. B. File source documents C. Journalize the business transaction D. Post to the general ledgers.Which of the following will be not be called as Source Document of a Business? a. Debit note raised by the business b. Sales invoice issued by the business c. Purchase invoice received by the business d. List of suppliers are kept under Purchase ledger by the businessWho will create and maintain the accounting systemthat you use to record routine business transactions foryour business?
- How would a business record a sale of services on account in QuickBooks?ME7The process of initially recording a business transaction is called: a) Slidingb) Postingc) Journalizingd) TransposingAssuming you are a bookkeeper of the company. Identify business transactionsthat transpire with the use of the documents below. 1. Official receipts (issued by third party) 6. Check (issued by client) 2. Sales invoice (issued by a supplier) 7.. Deposit slip 3. Purchase invoice (issued by the business)) 4. Withdrawal slip( by the business)
- Any written evidence in support of a business transaction is called (A) Journal (B) Ledger (C) Ledger posting (D) Voucher2. Answer the following questions related to the source document below. A. What business document is it? B. What is the purpose of the document? C. Who issued the document? D. Explain the purposes of the document number. E. Give the journal entry that would be made by the issuer of the document. Horseshoe Valley Ontaria, L4M 4Y8 DAVIDSON TREE EXPERTS Phone 705-321-8765 Fax 705-321-8862 March 10 Du 20- F. Vailliant RR I, Craighurst, ON LAM 4A7 NAME ADDRESS QUAN 6 pruning of mature trees, removing dead wood 30- 180 2 cut down and remove mature trees 75- 150 HST RECEVED AROVE IN GOOD ORDER F. Valiant TOTAL 330 CASH SALES SLIP 2651Th e collection of all business transactions sorted by account in an accounting system is referred to as: B . a general ledger.
- Discuss the steps in processing business transactions. 4. What kinds of transactions can be recorded in a general journal?Billed customers in which Account (A/c) debited ?When a company extends credit directly to a customer for a purchase, the sale is recorded as a debit in the O A. customer record B. general ledger O C. cash flow journal D. balance sheet SUBMIT
