BA110 Unit 3 Terminology Exam

Created by IECRB

1. A statement to test the accuracy of total debits and credits after transactions have been recorded
2. A chain of references that makes it possible to trace information, locate errors, and prevent fraud
3. A ledger account form that shows the balance of the account after each entry is posted
4. Organized in the order in which the events occur
5. A journal entry with more than one debit or credit
6. A journal entry made to correct an erroneous entry
7. A financial record for entering all types of business transactions; a record of original entry
8. A permanent, classified record of all accounts used in a firm’s operation; a record of final entry
9. The record of original entry
10. Recording transactions in a journal
11. The record of final entry
12. Transferring data from a journal to a ledger

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BA110 Unit 3 Terminology Exam (Answer Key)

Created by IECRB

h 1. A statement to test the accuracy of total debits and credits after transactions have been recorded
g 2. A chain of references that makes it possible to trace information, locate errors, and prevent fraud
c 3. A ledger account form that shows the balance of the account after each entry is posted
j 4. Organized in the order in which the events occur
l 5. A journal entry with more than one debit or credit
b 6. A journal entry made to correct an erroneous entry
f 7. A financial record for entering all types of business transactions; a record of original entry
e 8. A permanent, classified record of all accounts used in a firm’s operation; a record of final entry
d 9. The record of original entry
a 10. Recording transactions in a journal
i 11. The record of final entry
k 12. Transferring data from a journal to a ledger

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