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Laabri

BAF 3M 🚨 Ch. 6 Assignment A

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Last updated almost 2 years ago
20 Nsɛmmisa
Hyɛ no nsow a efi ɔkyerɛwfo no hɔ:

There are several parts to this assessment.

Part 1: Fill in the Blank

Part 2: Taxes

Part 3: Source Documents

Part 4: HST Schedule, Journal Entries, and Taxes in Google Sheets

There are several parts to this assessment.

Part 1: Fill in the Blank

Part 2: Taxes

Part 3: Source Documents

Part 4: HST Schedule, Journal Entries, and Taxes in Google Sheets

Part 1: Fill in the Blank
1
1
2
1
1
1
1
1
1
1
Part 2: Taxes

Complete the following. Ignore HST.

Name 3 things:

1. The Source Document

2. The Account Debited

3. The Account Credited

3
3
3
3
3
Part 3: Source Documents

Word Bank:

bank credit advice

bank debit advice

book of original entry

cash receipts daily summary

cash sales slip

cheque copy

clearing an account on balance

contra account

compound

credit

debit

Goods and Services Tax (GST)

Harmonized Sales Tax (HST)

journal

journal entry

journalizing

opening entry

point of sale (POS) terminal

Provincial Sales Tax (PST)

purchase invoice

remittance

remittance advice

Retail Sales Tax (RST)

sales invoice

source documents

transaction log

value-added tax

Asemmisa {{asɛmmisaAhyɛnsode}}
1.

A. A ruled book in which accounting entries are recorded in the order in which they occur is called a(n) .

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2.

B. The journal is sometimes referred to as the .

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3.

C. When recording a journal entry, the amounts are recorded first. The amounts are indented.

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4.

D. A journal entry that affects more than two accounts is called a(n) entry.

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5.

E. The accounting department learns of transactions from business papers called .

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6.

F. A computerized sales register for cash sales is called a(n) .

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7.

G. A is a business form representing a purchase of goods on account.

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8.

H. The is the business paper that records payments coming in from customers.

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9.

I. A(n) bank memo, initiated by the bank, will decrease the Bank account.

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10.

J. Some provinces share taxation responsibilities with the federal government by applying a tax named the .

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11.

A. Cash sale of product or service.

1. The Source Document

3. The Account Credited

2. The Account Debited

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13.

C. Sale on account.

1. The Source Document

3. The Account Credited

2. The Account Debited

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15.

E. Bank Service Charge

1. The Source Document

3. The Account Credited

1
1
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18.

What type of source document is this?

1
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19.

What is the purpose of the source document?

1
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17.

B. Calculate the sales tax on the goods.

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20.

Who issued it?