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Biblioteka

BAF 3M 🚨 Ch. 6 Assignment A

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Posljednje ažuriranje almost 2 years ago
20
Napomena autora:

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

Pitanje 1
1.

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

Pitanje 2
2.

B. The journal is sometimes referred to as the .

Pitanje 3
3.

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

Pitanje 4
4.

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

Pitanje 5
5.

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

Pitanje 6
6.

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

Pitanje 7
7.

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

Pitanje 8
8.

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

Pitanje 9
9.

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

Pitanje 10
10.

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

Pitanje 11
11.

A. Cash sale of product or service.

1. The Source Document

3. The Account Credited

2. The Account Debited

Pitanje 13
13.

C. Sale on account.

1. The Source Document

3. The Account Credited

2. The Account Debited

Pitanje 15
15.

E. Bank Service Charge

1. The Source Document

3. The Account Credited

1
1
Pitanje 18
18.

What type of source document is this?

1
Pitanje 19
19.

What is the purpose of the source document?

1
Pitanje 17
17.

B. Calculate the sales tax on the goods.

Pitanje 20
20.

Who issued it?