<p> Chapter 14, TEST 14A</p><p>Name ______Date ______SCORING RECORD Total Student Section Possible Deductions Score A 30 B 30 C 10 D 30 Total 100</p><p>Section A</p><p>DIRECTIONS: Each of the following statements is true or false. Indicate your choice by writing in the Answers column T for a true answer or F for a false answer. (2 points for each correct answer) For Answers Scoring 1. The paid voucher file is used to prepare the the schedule of vouchers payable. ______2. Internal controls are only important in large businesses. ______3. Internal controls are the set of procedures used to ensure that there is proper accounting for all activities of the business. ______4. Segregation means, for example, that one employee orders goods and a different employee pays for them. ______5. There is only one acceptable format for a voucher in business today. ______6. Vouchers should be prenumbered and used in sequence. ______7. The Vouchers Payable account in the general ledger may also be called the Accounts Payable. ______8. In a voucher system, in an emergency, checks may be prepared without a supporting voucher. ______9. A voucher check is a check with space for entering data about the voucher being paid. ______10. The numerical sequence of vouchers must be accounted for only when vouchers are filed numerically. ______11. A checking account is a special journal used to record all checks written in a voucher system. ______12. The three account columns in the check register are: Cash Debit, Purchases Discount Debit, and Voucher Payable Credit. ______13. Postings from the check register should be made daily. ______14. To verify each month that the sum of the individual amounts owed to creditors equals the Vouchers Payable balance, a Schedule of Vouchers Payable is prepared. ______14-2</p><p>15. Purchase returns are recorded in the general journal and are not required to be entered in the voucher register. ______</p><p>Section B</p><p>Directions: Complete each of the following statements by writing in the Answers column the letter of the word or words that correctly completes each statement. (3 points each) For Answers Scoring</p><p>1. Segregation of duties means that: (A) one employee should be responsible for ordering goods and a different employee should be responsible for issuing checks to pay for them; (B) different employees should be responsible for different parts of each transaction; (C) employees who account for transactions should not also have custody of the assets; (D) all of these; (E) none of these. ______2. The concept of adequate documents and records involve: (A) pre-numbered documents; (B) documents used in numerical sequence; (C) making sure all documents are accounted for; (D) all of these; (E) none of these. ______3. A voucher system is a control technique that requires: (A) every employee be assigned a voucher number so that each employee can be accounted for; (B) every business activity be assigned a voucher number in proper sequence; (C) every acquisition and subsequent payment be supported by an approved voucher; (D) all business transactions be recorded on a voucher; (E) all of these. ______4. The front of a voucher does not usually include: (A) a check number;(B) the date; (C) the supplier; (D) what was purchased; (E)the number of the voucher. ______5. The unpaid vouchers file is like a(n); (A) accounts receivable subsidiary ledger; (B) accounts payable subsidiary ledger; (C) sales journal; (D) purchase order; (E) check register. ______6. In a voucher system, every recorded purchase would be supported by all of the following except a: (A) purchase order;(B) receiving report; (C) cash register receipt;(D) voucher; (E) purchase invoice. ______7. A special journal used to record all checks written in a voucher system is called: (A) a voucher journal; (B) a check register; (C) a paid vouchers file; (D) a vouchers receivable journal; (E) voucher register. ______14-3</p><p>8. A check register has three columns; (A) Vouchers Receivable Dr., Purchases Dr., Cash Dr.; (B) Vouchers Payable Cr., Purchases Cr., Cash Cr.; (C) Vouchers Payable Cr., Purchases Discounts Cr., Cash Dr., (D) Vouchers Payable Dr., Purchases Discounts Cr., Cash Cr.; (E) Sales Dr.,Cash Cr., Purchases Cr. ______9. Merchandise costing $4,000 was originally purchased using a purchase order. When $200 of that merchandise was returned, the general journal entry to record receipt of the credit memo would show a debit and a credit in the amount of: (A)$4,200; (B) $4,000; (C) $3,800; (D) $200; E (E) cannot be determined from the information. ______10. The general journal entry to cancel a voucher for purchases of merchandise: (A) debit Vouchers Payable and credit Purchases; (B) debit Purchases and credit Vouchers Payable; (C) debit Vouchers Payable and credit Cash; (D) debit Accounts Payable and credit Vouchers Payable; (E) debit Cash and credit Purchases. ______</p><p>Section C</p><p>DIRECTIONS: Match the correct answer to the definition that best explains it. (2 points each)</p><p>_____ 1. Contains vouchers paid and cancelled and filed either numerically or by suppliers.</p><p>_____ 2. A control technique which requires that every acquisition and subsequent payment be supported by an approved voucher.</p><p>_____ 3. A set of procedures used to ensure that there is proper accounting for all activities of the business.</p><p>_____ 4. Vouchers (not yet paid) and supporting documents stapled together and filed either by due date or by supplier.</p><p>_____ 5. A special journal used to record purchases of all types of assets and services.</p><p>A. voucher system B. internal controls C. paid voucher file D. unpaid voucher file E. voucher register</p><p>14-4</p><p>Section D</p><p>DIRECTIONS: With the following information, make the appropriate entries to the voucher register. (30 points total)</p><p>Voucher Voucher Date Date Number Amount Issued To Purpose Ck # Pd 8/1 202 $ 2,000 Kevin Bacon Paid Rent (515) 460 8/30 8/8 203 800 Saturn Office Supplies Prepaid Office Supplies (135) 455 8/15 8/9 204 560 Omega Products Purch. Merch. On Acct. (511) 457 8/16 8/10 205 324 Home Electric & Gas Paid Utility Bill (513) 458 8/20 8/14 206 1,000 Max Co. 2/10, n/30 Purch. Merch. On Acct. (511) 459 8/20 8/15 207 4,000 Payroll Bank Account Payroll 456 8/15 8/26 208 1,500 Clarkson Company Purch. Merch. On Acct. (511) ------8/31 209 4,200 Payroll Bank Account Payroll 461 8/31</p><p>VOUCHER REGISTER FOR THE MONTH OF AUGUST General Vou. Purchases Supplies Wages Debit Vouchers Payment DATE No. Issued to Dr. Dr. Exp. Dr. Pay Cr. Acct. P/R Amount Date Ck. No.</p>