Basic Accounting: Business Transactions

What does the debit aspect represent in a business transaction?

What is the primary evidence in support of a business transaction called?

What is the purpose of a source document or voucher?

What is the basis for entries in the books of accounts?

Who prepares and countersigns the accounting vouchers?

What are the documents like bills, cash memos, and receipts termed as in accounting?

Which term is used for activities in cash terms in business transactions?

What is the term used for the effect of business transactions on the accounting equation?

What does the accounting process begin with?

What is the term used for the basis on which accounting is done?

What is the primary purpose of using vouchers in accounting?

In accounting, what is the term used for activities that involve cash at the time of making transactions?

What is the effect of business transactions on the accounting equation?

What is the basis for entries in the books of accounts?

What is the term used for the origin of business transactions in the accounting process?

What does the debit aspect represent in a business transaction?

What is the primary evidence in support of a business transaction called?

What term is used for the written documents containing the analysis of business transactions for accounting and recording purposes?

What is the basis for entries in the books of accounts?

In a business transaction, what represents the Take aspect?