Exam (elaborations)
BOOKKEEPING EXAM QUESTIONS AND ANSWERS
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BOOKKEEPING EXAM QUESTIONS AND ANSWERS Journalize - ANSWER-Record business transactions in a general journal Double-Entry Bookkeeping - ANSWER-A system of bookkeeping where every entry is composed of two parts: a debit and a credit Foot and Balance - ANSWER-To figure the balance of an account Post Reference - ANSWER-Reference that connects the same entry in the general journal and the general ledger Drawing - ANSWER-The account title used for owner's withdrawals Revenue & investments - ANSWER-Increases net profits and thus owner's equity
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Institution
BOOKKEEPING
Course
BOOKKEEPING
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Written for
- Institution
- BOOKKEEPING
- Course
- BOOKKEEPING
Document information
- Uploaded on
- April 25, 2024
- Number of pages
- 8
- Written in
- 2023/2024
- Type
- Exam (elaborations)
- Contains
- Questions & answers
Subjects
-
bookkeeping exam questions and answers
-
an entry recording an amount listed on the left h
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an entry recording an amount listed on the right
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an asset account that keeps track of insurance val
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