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27. In double-entry accounting, each transaction affects at least _____ ____________. What does the double-entry accounting system assure?



28. Which accounting concept is applied when a source document is prepared for each transaction? (hint: reading The Fountainhead would give you a clue to Ayn Rand's philosophy.)

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25. What do you think Sandra should say about the journal to demonstrate that she knows it is important?



26. What specific improvements do you think Sandra should make?

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23. What is the process of recording transactions in a journal called?



24. What is the Latin for journal? What does this literally mean?

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21. Did you check you e-mail?



22. Have you completed what it asked you to do?

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19 Debit is to asset as _____________ is to liability.

20 All of these are in normal balance except for

1. cash debit
2. capital credit
3. sales debit
4. accounts payable credit

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17 How many questions are there to ask when analyzing a transaction?

18 List all four of these please.  :)

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15. Paying cash for insurance and buying supplies for cash are examples of transactions that affect __________ ______ ________ of the accounting equation.

16. List the four questions that should be asked to analyze a transaction into its debit and credit parts.

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13. What is the name of the program/website that allows us to create collaborative office documents?



14. Are you feeling more confident with you Pages skills?

bellringer - 11.3.09

11. What very important accounting document is given as an example on page 3?



12. For what does SBA stand?