Question

1. All of the following can provide source data except________.

software to process the source data

a scanning device at the grocery store

a utility bill received in the mail

a bar code reader

2. Sold goods for $650, credit terms net 30 days. Which journal would the company use to record this transaction?

sales journal

purchases journal

cash disbursements journal

general journal

3. A customer just charged $150 of merchandise on the company’s own charge card. Which special journal would the company use to record this transaction?

sales journal

purchases journal

cash receipts journal

cash disbursements journal

4.

A document that asks you to return an identifying part of it with your payment is a(n) ________.

turn-around document

source document

cloud document

point-of-sale document

5. Blockchain is a technology that ________.

involves the use of a single shared ledger between the many parties that may be involved in a transaction.

is in the early stages of being developed

was a failed attempt to change the way we do business

refers to an application developed strictly for the real estate business

Answer 1

Answers :

1. software to process the source data

2. sales journal would the company use to record this transaction

3. cash receipts journal is the special journal would the company use to record this transaction.

4. A document that asks you to return an identifying part of it with your payment is a(n) point-of-sale document.

5. Blockchain is a technology that involves the use of a single shared ledger between the many parties that may be involved in a transaction.

Thanks.....